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Annual Bonus payment

Hi Experts,

Can someone help me the configuration for annual bonus payment, my client requirement is as follows;

Bonus paid is 20% of basic as on March

calc = financial yr (actual basic drawn for fin yr upto 3500 *20% or less)

Maximum limit is 8400

Bonus amount to be paid twice in a yr (As currently they calculate total bonus amount and spread the payment to two pay days spread over months)

Thanks so much for all the help, really appreciate.

Regards,

Jyoti

Former Member
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