How annual bonus is calculated ?? For DOP

How annual bonus is calculated ?? For DOP

 let's calculate bonus for this year for regular employee.

Bonus to be paid for 60 days

Ceiling limit Rs.7000 /- per month

   Here bonus is to be paid for 60 days not for two months.

Hence let's calculate average days in months

365 / 12 = 30.4 days in each month.

Here Rs.7000/- is ceiling limit for a month. Hence we can calculate as bellow

           30.4   days bonus.  Rs.7000

Then 60 days bonus.   ??

= 7000 × 60 / 30.4

= 13816

Hope this will he useful to all of you for bonus calculation of any number of days..