Saturday, October 5, 2013

CALCULATION OF BONUS:


CALCULATION OF BONUS:

                              Average emoluments X Number of days of Bonus    (Apr-2012 to March-13)
30.4(Average no. of days in a month)

Ceiling 3500/- per month

Month
Amount
Apr-12
3500
May-12
3500
Jun-12
3500
July-12
3500
Aug-12
3500
Sep-12
3500
Oct-12
3500
Nov-12
3500
Dec-12(one day strike on 12-12-12)
3500*30/31=3387                           3387                                                                 
Jan-13
3500
Feb-13(two days strike on 20-02-13 to 21-02-13)
3500*26/28=3250                           3250
Mar-13
3500
Total(one year emoluments)
41637



Monthly average=41637/12=3469.75=3470


Bonus for 60 Days  =3470*60/30.4=6848.68=6849


Thanks to
Kum. M. Chamundeswari
PA, V K Town SO

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