1 / 1

Bonus Calculation By Intellipayroll

Prodigy Technologies is a one of the software companies in Pune who has developed a Payroll Software called Intelli Payroll. The Intelli Payroll Software is available in Desktop Payroll Software and Online Payroll Software

proditech12
Download Presentation

Bonus Calculation By Intellipayroll

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bonus Calculation By Intellipayroll Intelli payroll is quite simple, flexible & user friendly Payroll Management software. Bonus calculations with Intellipayroll is easy and very convenient. Bonus is Taxable. Minimum Bonus to be given is 8.33% of Basic+DA annually limit to wages 3500(month) and max is 12%. It means maximum bonus declared can be 20% of 3500 which comes out to be Rs 700 monthly or 8400 annually. If a company wishes to give more bonus it can give but the excess amount should be termed as ex- gratia, but both are taxable as per IT act. Also if an employee is earning more than Rs 10000 as Basic and DA then he is not eligible for bonus but if company wishes to give, bonus can be given to him.

More Related