Dear Forum members,
As per my knowledge, the bonus calculation limit is Rs. 3500 per month based on the basic salary. Please help me determine whether the limit has been increased. Last year, it was reported in some newspapers that the Government is considering raising the limit.
Regards,
RB
From India, New Delhi
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1141As per my knowledge, the bonus calculation limit is Rs. 3500 per month based on the basic salary. Please help me determine whether the limit has been increased. Last year, it was reported in some newspapers that the Government is considering raising the limit.
Regards,
RB
From India, New Delhi
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Dear RB, This limit has not been increased so far. Regards R.N.KHLOA|Sr.ASSOCIATE|LL&IR| SKYLARK ASSOCIATES|GURGAON|HARYANA| Labour Law Consultants|Mobile:9810405361|
From India, Delhi
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From India, Delhi
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Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) Bill, 2010 (Reference Bill no.15 of 2010) wherein the following amendments are sought:
1) Eligibility limit for payment of Bonus is enhanced from ₹10,000 to ₹15,000.
2) Percentage of the minimum Bonus payable is increased from 8.33% to 11%.
3) Calculation ceiling of Bonus is raised from ₹3,500 to ₹5,000.
Thanks.
R K Nair
From India, Aizawl
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An amendment bill has already been made as Payment of Bonus (Amendment) Bill, 2010 (Reference Bill no.15 of 2010) wherein the following amendments are sought:
1) Eligibility limit for payment of Bonus is enhanced from ₹10,000 to ₹15,000.
2) Percentage of the minimum Bonus payable is increased from 8.33% to 11%.
3) Calculation ceiling of Bonus is raised from ₹3,500 to ₹5,000.
Thanks.
R K Nair
From India, Aizawl
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Dear All, Mr.R.K.N and Mr.R.N.K, Thanks for your valuable inputs. I am also enclosing the amendment notification and the bill for members reference. S.Sethupathy Excellent HR Services, Erode.
From India, Coimbatore
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From India, Coimbatore
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Dear All,
It was just a draft bill; it's not yet published in the Gazette of India, hence not applicable. The current bonus ceiling of 3500 will continue until the publication of the amendment in the Bonus Act.
Thanks,
Sunil Nipurte
Mumbai
From India, Mumbai
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It was just a draft bill; it's not yet published in the Gazette of India, hence not applicable. The current bonus ceiling of 3500 will continue until the publication of the amendment in the Bonus Act.
Thanks,
Sunil Nipurte
Mumbai
From India, Mumbai
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Pl let me know if the recommendations on enhancing the above limits have been accepted and accordingly has the amendment bill been passed. Thanks, Sastry
From India, Bangalore
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From India, Bangalore
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Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) Bill, 2010 (Reference Bill no. 15 of 2010) wherein the following amendments are sought:
1) The eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) The percentage of the minimum Bonus payable is increased from 8.33% to 11%
3) The calculation ceiling of Bonus is raised from 3500/- to 5000/-
Please send me a copy of the Government Order (G.O.) regarding the above amendment bill.
From India, Bangalore
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An amendment bill has already been made as Payment of Bonus (Amendment) Bill, 2010 (Reference Bill no. 15 of 2010) wherein the following amendments are sought:
1) The eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) The percentage of the minimum Bonus payable is increased from 8.33% to 11%
3) The calculation ceiling of Bonus is raised from 3500/- to 5000/-
Please send me a copy of the Government Order (G.O.) regarding the above amendment bill.
From India, Bangalore
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Dear Sir, In Bonus Calculation in industry (Manpower supplier), Bonus = Basic *8.33/100 OR Basic +Da *8.33/100 Kumar
From India, Chennai
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From India, Chennai
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Dear Sir, Pls clarify my staff Basic - 4365 and DA - 2582 = total 6947, in bonus - 6947*8.33% OR 4365 *8.33% Reply me sir kumar
From India, Chennai
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From India, Chennai
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Dear Senthil,
It must be 3500 x 8.33% because the Basic or Basic+DA exceeds the limit of Rs. 3500. The Bonus calculation is always based on Basic + DA or the Minimum Salary (as per the Minimum Wages Act) set by the appropriate government.
From India, Kumbakonam
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It must be 3500 x 8.33% because the Basic or Basic+DA exceeds the limit of Rs. 3500. The Bonus calculation is always based on Basic + DA or the Minimum Salary (as per the Minimum Wages Act) set by the appropriate government.
From India, Kumbakonam
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In Bonus - Our Basic 4350 and DA - 2582 how to calculate bonus i.e 4350+2582 * 8.33% OR 4350 *8.33% Pls clarify kumar
From India, Chennai
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From India, Chennai
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Dear Sir,
Is it mandatory to maintain the same percentage of bonus in the coming years too if it's higher than 8.33% and subject to the minimum profits of the organization in that particular year?
With thanks,
Rao T.N.
From India, Hyderabad
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Is it mandatory to maintain the same percentage of bonus in the coming years too if it's higher than 8.33% and subject to the minimum profits of the organization in that particular year?
With thanks,
Rao T.N.
From India, Hyderabad
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Hello All,
I am a student of MSW, and recently I have studied this act. There is no change in the ceiling of bonus calculation; it remains at 3500 to 5000. Seniors' views are welcome.
Thank you, Harshil Khatri
Vadodara
From India
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I am a student of MSW, and recently I have studied this act. There is no change in the ceiling of bonus calculation; it remains at 3500 to 5000. Seniors' views are welcome.
Thank you, Harshil Khatri
Vadodara
From India
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Please find the attached file.. May help you. a very brief idea of calculation of Bonus according to Payment of Bonus Act, 1965..
From India
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From India
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Dear Sir,
It is compulsory under The Payment of Bonus Act, 1965, under Section 1, for all employees in a company to receive a bonus. What if the company is not paying the bonus to all employees? Can an employee take any steps, or what can he do?
From Myanmar [Burma], undefined
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It is compulsory under The Payment of Bonus Act, 1965, under Section 1, for all employees in a company to receive a bonus. What if the company is not paying the bonus to all employees? Can an employee take any steps, or what can he do?
From Myanmar [Burma], undefined
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Dear Sir,
It is compulsory under The Payment of Bonus Act, 1965, under Section 1, for all employees in a company to receive a bonus.
What if the company is not paying the bonus to a few employees? Can an employee take any steps, or what can they do?
From Myanmar [Burma], undefined
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It is compulsory under The Payment of Bonus Act, 1965, under Section 1, for all employees in a company to receive a bonus.
What if the company is not paying the bonus to a few employees? Can an employee take any steps, or what can they do?
From Myanmar [Burma], undefined
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Dear Mr.Senthil, As per latest amendment in bonus act 1965, the min. wages for bonus calculation is raised from 3500 to 7000. So, in your case, the min 7000 is to be taken for calculation.
From India, Thane
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From India, Thane
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Hi i want to know how to calculate bonus and 21000 ceiling point is basic or gross???
From India, Hyderabad
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From India, Hyderabad
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I want to know is bonus is deducted on basic+da or only on basic
From India, Gurgaon
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From India, Gurgaon
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Dear Member,
According to the Payment of Bonus Act, 1965, we are not to deduct any bonus amount from the salary of the employee. The employer is to pay a bonus considering basic & DA. If DA is not there, then we are to consider only basic wages. For more details, you can go through the definition of wage/salary under this Act.
Regards,
R N KHOLA
From India, Delhi
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According to the Payment of Bonus Act, 1965, we are not to deduct any bonus amount from the salary of the employee. The employer is to pay a bonus considering basic & DA. If DA is not there, then we are to consider only basic wages. For more details, you can go through the definition of wage/salary under this Act.
Regards,
R N KHOLA
From India, Delhi
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In an accounting year, i.e., from April 1, 2020, to March 31, 2021, if an employee has a salary of Rs. 16,000 a month and has worked for 70 working days in the whole accounting year, is she eligible to get a bonus? If yes, please share the calculation about the bonus payable to her.
From India, Pune
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From India, Pune
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Amendment to Payment of Bonus Act 2015.jpg
Payment of Bonus Amendment Bill, 2015.pdf