Payment of Bonus Act 1965

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To calculate a bonus based on your employee's salary, just multiply the employee's salary by your bonus percentage For example, a monthly salary of $3,000 with

bonus In 1950, the Full Bench of the Labour Appellate Tribunal evolved a formula for determination of bonus A plea was made to raise that formula in 1959  To calculate a bonus based on your employee's salary, just multiply the employee's salary by your bonus percentage For example, a monthly salary of $3,000 with

code casa Using payroll to distribute bonuses means that the bonus amount is added to an employee's regular paycheck So, with the formula above, you'd 6,500 per month Formula: Basic Salary*% = Bonus per month 6500*% = Case 2 If the Basic salary of the employee is higher