ready-to-use Bonus Calculation Sheet Template tailored for Nuddea Plantations Limited under the Payment of Bonus Act, 1965

 

ready-to-use Bonus Calculation Sheet Template tailored for Nuddea Plantations Limited under the Payment of Bonus Act, 1965. You can use it in Excel or Google Sheets for easy calculation and record-keeping.

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Nuddea Plantations Limited – Bonus Calculation Sheet (Financial Year: ______)

S. No.	Employee Name	Employee ID	Designation	Wages/Salary for FY (₹)	Days Worked	Eligible for Bonus (Y/N)	Bonus %	Bonus Amount (₹)	Payment Date	Remarks
1
2
3
...
Total

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Instructions for Using the Sheet

1. Employee Details

   • Fill in Name, Employee ID, and Designation.

2. Wages/Salary for FY

   • Enter total salary/wages received by the employee during the financial year.

3. Days Worked

   • Record actual days worked. Employees must have ≥30 days to be eligible.

4. Eligibility

   • Mark Y/N based on criteria (days worked & salary ≤ ₹21,000 per month).

5. Bonus %

   • Statutory minimum: 8.33%, maximum: 20%. Adjust according to company profits and agreements.

6. Bonus Amount

   • Formula: Bonus Amount = Wages × Bonus %.

7. Payment Date

   • Record the date of bonus disbursement (must be ≤31st March).

8. Remarks

   • Note any special conditions, deductions, or union agreements affecting bonus.

9. Audit & Verification

   • Keep this sheet along with payment proof for audit and compliance verification.