How To Calculate Bonus | Payment of Bonus Act 1965 | Bonus Calculation Steps
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- Опубликовано: 11 сен 2024
- This video is the 2nd Part of Payment of Bonus Act, in this video i have explained about the Bonus calculation Process in the correct way.
Part 1 - Payment of Bonus Act - 1965 : • Payment of Bonus Act 1...
In this video we will learn :
- Correct Calculation process of Bonus.
- Understanding of wage limit for Bous Calculation.
- Understanding of Bonus Wage.
- Practical Calculation of Bonus in Excel with Formulas.
- Annual Bonus Calculation.
For any suggestions or queries please leave your comments in comment section.
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Thanks
Dheeraj Kumar
Inspired Mate
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Hi Everyone, In step 3 of Bonus Calculation Steps @5:14 please Consider >= sign as
Very nice explanation, there’s a mistake in the step 2 > symbol please correct it. Both the criteria has greater than symbols
Your teaching style is very gud its very useful video
Thanks.. 👍
Amazing video,, no one is compared
Thank You So Much... U made it very Simple
Best Video !!
Please share annual bonus video
Waaw Great Explanation 💐💐
Very well explained
Excellent sir
Part 2 please, Meri Jankari Mein Kuchh chijen aapane aur add Ki Hai so I am new subscriber of your channel and please upload second part for yearly Bonus calculation
Sure, will upload shortly...🙂
Thank you sir
Yehh kuch lagal. Hi tha..
10/9.5 😊
Well explained
Thank u sir. 🌹☺
Good One
❤
Good one. Do establishment crossed 20 employees they have to register under bonus act? What is the procedure to register and return filing?
Thanks
21000 basic par bonus milega ya nahi sir
And sir When anual bonus sheet
Hello sir,
If any skilled employee having Rs 18000 pm basic for half day(4 hrs) then what will be the bonus? How to calulate minimum wages for that employee?
If the Employee Salary is for than 7000 higher ceiling then how to calculate the bonus, do we need to take number of working days ? Kindly help with the video or excel formula workings
Sir if monthly salary is 12000 and minimum wages by govt. Is 10000 but due to holidays employee is earning 8000, then on what amnt bonus to calculate
here Bonus will be calculated on Rs. 8000.
How do we calculate allowable surplus and available surplus as per bonus act??
What are you saying at 5:28 less than equal to par slide mein toh greater and equal to likha hai. It is a great video. But PLEASE CORRECR that sign.
Thanks for pointing out, that can't be corrected as the video is already uploaded, but I have pinned my comment about this error, hope that might help viewers...
Unskilled semi skilled highly skilled ka amount hai wo 12months ka count hai na..?????
Wo in catagories ke employees ka monthly Minimum wage amount hai.
@@inspiredmate ok
Bonus calculation is calculated from the date of joining or how it is
Yes from date of joining but employee has worked at least 30 days in a financial year.
Sir what if basic plus da is 4000rs
Sir please provide link for annual bonus vedio
Agar basic or da km he to company pr penelty nhe lagegi minimum wages na dene pr
Definitely you can complain to labor inspector
if someone salary is 20000 fixed and company pay 1800 for pf separately can he is eligible for bonus or not
Yes he is eligible but company should be atleast 5 years old
21000 se jyada salary hai Lekin contract workers hai oil company me
please help us
Sir mere father ke abhi ...covid se Death ho gayi thi......unhone 4 month he work kiya ......to is process me EDLI INSURANCE ka kitna amount hume mil sakta hai
I am really sorry for your loss.
4 months ki service me EDLI kitna milega it depends on ki, har mahine unke PF me kitna paisa jama hota tha, agar aap ye bata pao to i can tell you the Amount.
@@inspiredmate 1st ..... 873
2nd 1083
3rd 1118
4th 1118
Sir itna pf jama hota tha mere father ke salary se
Salary pay scale .......9300 thi
next video link please
sir please share this excel sheet
as per the Act, bonus shall be calculated on his salary or the minimum wages whichever is higher. then how can you restrict bonus wage to 7000?
paragraph from the Act is as under:
{12. [Calculation of bonus with respect to certain employees]
21
Where the salary or wage of an employee exceeds 22[seven thousand rupees or the
minimum wage for the scheduled employment, as fixed by the appropriate
Government, whichever is higher] per mensem, the bonus payable to such employee
under Section 10 or, as the case may be, under Section 11, shall be calculated as if his
salary or wage were [seven thousand rupees or the minimum wage for the scheduled
employment, as fixed by the appropriate Government, whichever is higher] per
mensem.]}
Have you seen the video? The point you have mentioned is clearly mentioned in step 2 of Bonus Calculation.
@@inspiredmate ok. Thanks for the highlights
0
1
Bonus Eligibility is checked on Gross Salary of employees whose salary shouldn't be greater than 21000/-.
Upper limit decided by govt. In amendments 7000 or Minimum wages whichever is higher. Pls correct
Achha? Do you have any documented proof?