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May 29, 2011 at 07:01 AM

Standard Program for updating IT 15 or 267 Ex-Gratia and Bonus

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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