Hi all,
Is there any Standard Program available for updating IT 15 or 267 Ex-Gratia as for bonus (HINCBON0) or through this program itself we can update Exgratia then please let me know how.
The Scenario is:
a) Persons drawing Basic Pay upto Rs. 10,000/- per month shall have Bonus calculation on Rs. 3,500/- per month @ 8.33% per month & balance payment is to be made as an Ex u2013 gratia i.e in totality he shall be paid with 15% as Bonus/ Ex u2013 gratia on his drawn Basic during the previous Financial year.
b) For balance Employees drawing Basic pay over & above Rs. 10,000/- per month shall have payment of Ex u2013 gratia @ 15% of Basic Pay on his drawn Basic during the previous Financial year.
Suggestions are required for Exgratia.
Regards,
Radhey