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M. Deepak (HR)     30 April 2012

Bonus eligibilty

Can you please clarify following ?

 

(1) Is bonus not mandatory,  if salary ( Basic + DA)  is more than  Rs.10,000 . per month ?

(2) If an employee's salary ( basic + DA ) is 7,000 PM and he earned Rs. 60,000 in last 12 months. At the rate of 8.33% , how much bonus will be payable ? Can you please explain calculation .

(3) Can a company add 8.33% bonus in CTC ?



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