1. #1
    Unregistered

    How to calculate bonus on the salary of the employee? Is it calculated on the basic salary or total salary?

    I am working as an accountant in this paper bag industry. Itís a small scale industry. Recently we have earned more profit. Company is declaring bonus to the employees. I have been told to calculate bonus on the salary of the employees and give the report. How to calculate bonus on the salary of the employees? Is it calculated on the basic salary or total salary?

  2. #2
    vichurockz Array
    Join Date
    Oct 2012
    Posts
    17

    Re: How to calculate bonus on the salary of the employee? Is it calculated on the basic salary or total salary?

    Dear friend,
    The bonus to an employee is calculated according to the performance of the employee and profit of the company. So according to the performance of each one and according to their basic salary bonus is calculated.

  3. #3
    Param Array
    Join Date
    Sep 2012
    Posts
    298

    Re: How to calculate bonus on the salary of the employee? Is it calculated on the basic salary or total salary?

    Dear Friend!

    Company decide bonus their employees according to employee performances in professional way. But you are working with Paper Bag industry so like this companies decide to give bonus on employee's salary bases. Its 10% to 20% bonus provide on total salary of month. you can also get more details about from your senior staff.

  4. #4
    Unregistered

    Re: How to calculate bonus on the salary of the employee? Is it calculated on the basic salary or total salary?

    Quote Originally Posted by Unregistered View Post
    I am working as an accountant in this paper bag industry. Itís a small scale industry. Recently we have earned more profit. Company is declaring bonus to the employees. I have been told to calculate bonus on the salary of the employees and give the report. How to calculate bonus on the salary of the employees? Is it calculated on the basic salary or total salary?
    Is anywhere in Act it is mentioned that Bonus is to be calculated on Basic Salary only? If YES then please provide me the with Sec.

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