Standard Program for updating IT 15 or 267 Ex-Gratia and Bonus
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.
Praveen Tiwari replied
For 1st scenario -
In V_T511K maintain Minimum % Constant (BNNPR) as 8.33% and Maximum % Constant (BNXPR) as 15%.
In V_T511P maintain Bonus Eligibility Limit in BNELT constant. Bonus-Computation Amount Constant (BNCAM) should be 3500.
Also check Maximum amount in a year Constant (BNMAX) to specify a limit on the maximum bonus that is payable to an employee in a year
Maintain a lower limit for the total bonus paid in a year. Use the Bonus-Minimum amount in a year Constant (BNMIN) to specify the limit on minimum bonus that is payable to an employee in a year.
probably last 2 constant were not required.
2nd scenario - i am not sure about the requirement.