{"version":"1.0","provider_name":"HR Letter Formats","provider_url":"https:\/\/www.yourhrworld.com\/formats","title":"Bonus Calculation Formula in India - HR Letter Formats","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"a9LlhtVQtf\"><a href=\"https:\/\/www.yourhrworld.com\/formats\/hr\/bonus-calculation-formula-in-india\/\">Bonus Calculation Formula in India<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.yourhrworld.com\/formats\/hr\/bonus-calculation-formula-in-india\/embed\/#?secret=a9LlhtVQtf\" width=\"600\" height=\"338\" title=\"&#8220;Bonus Calculation Formula in India&#8221; &#8212; HR Letter Formats\" data-secret=\"a9LlhtVQtf\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/www.yourhrworld.com\/formats\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","description":"Bonus to be paid under Payment of Bonus Act, 1965 is to be calculated as under: 1. it depends upon the percentage on which your company wants to give bonus to its employees. Minimum bonus is 8.33% of basic salary earned during the accounting year and Maximum is 20% under the payment of Bonus Act, 1965. 2. Eligibility: Bonus under Payment of Bonus Act, 1965 is required to be to employees whose salary (Basic) is of less than Rs.10000.00 per month during the accounting year for which bonus is to be paid. 3. Bonus is to be calculated for eligible"}