I want to know the names of the components falling under salary/wage under Payment of Bonus Act 1965 to determine Rs.10,000\- as salary as per the amended act.
From India
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3From India
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Hi, Basic + DA(VDA and FDA) are two Components which we use for determining Rs.10000/- as Wages. Regds Surender Rawat
From United States, Salt Lake City
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From United States, Salt Lake City
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Hello all,
Thank you for info.
I just wanted to know further :
do we have to pay a bonus to our field - marketing staff when they are getting their special performance bonus based on the volume of sales they are putting up.
Pl. give your opinion/s
Thanks once again for the info.
Divyang
I will be happy
From India, Vadodara
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Thank you for info.
I just wanted to know further :
do we have to pay a bonus to our field - marketing staff when they are getting their special performance bonus based on the volume of sales they are putting up.
Pl. give your opinion/s
Thanks once again for the info.
Divyang
I will be happy
From India, Vadodara
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Dear Divyang,
The Bonus which is being discussed over is a statutory payment under the Payment of Bonus Act and the Performance Bonus which is based the volumes of the sales is entirley on the performance of the employee, it has nothing to do with Statutory Bonus payment, hence they have to be paid Bonus apart from the performance Bonus.
From India, Delhi
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The Bonus which is being discussed over is a statutory payment under the Payment of Bonus Act and the Performance Bonus which is based the volumes of the sales is entirley on the performance of the employee, it has nothing to do with Statutory Bonus payment, hence they have to be paid Bonus apart from the performance Bonus.
From India, Delhi
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Is 8.33% standard percentage for calculating bonus. if it is minimum than what is the max. who fix this percentage limits. s.saravanan
From India, Madras
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From India, Madras
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Dear Saravanan,The maximum limit for the Bonus is 20%. The percentage of the same is fixed on the basis of the Allocable surplus of the organisation under the BONUS ACT.
From India, Delhi
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From India, Delhi
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Hi MY HR Collleagues,
In this Presentation for Bonus Act - 1965.
Its very useful reference to all HR Professionals:icon1::icon1::icon1::icon1:
Regards,
M.Narendra Rao Thesule
HR Dept
Glovis India (HMIL- Group)
From India, Madras
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In this Presentation for Bonus Act - 1965.
Its very useful reference to all HR Professionals:icon1::icon1::icon1::icon1:
Regards,
M.Narendra Rao Thesule
HR Dept
Glovis India (HMIL- Group)
From India, Madras
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Dear all, This is the new amendment in Bonus Act,1965. Kindly find attachment. Warm Regards Anil Pol 93242 57125
From India, Mumbai
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From India, Mumbai
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Mr. Thesule,
Your PowerPoint presentation is informative. However, could you please explain how the bonus is calculated for an employee who is drawing Rs. 10,000/- as Basic Pay? I would appreciate it if you could provide this information by referring to Cite HR postings.
K. Gopalakrishnan
HR Dept
KJI (HMIL Tier I supplier)
From India, Bangalore
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Your PowerPoint presentation is informative. However, could you please explain how the bonus is calculated for an employee who is drawing Rs. 10,000/- as Basic Pay? I would appreciate it if you could provide this information by referring to Cite HR postings.
K. Gopalakrishnan
HR Dept
KJI (HMIL Tier I supplier)
From India, Bangalore
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