anjaiah G

"Bonus calculations are based on the salary for the month, i.e., from April to March (calendar year), we should calculate 8.33% of wages for each month specifically, not on the annual salary. For example, if an employee’s salary for a month is Rs. 10,000 in August, and they receive an annual incremen" ... (more)

"The Hon’ble President of India has promulgated the Payment of Bonus (Amendment) Ordinance, 2007 containing the following amendments: 1. Amendment to clause (13) of section 2 of the Payment of Bonus Act, 1965 to raise the eligibility limit for Payment of Bonus from the salary (Pay + DA) or wag" ... (more)

"Standing orders or model standing orders will be framed at the time of company formation. In certain companies, there would be an agreement with the recognized Union as a welfare measure. Otherwise, the transport facility provided by the company is also a privilege given to the employees. If there i" ... (more)

"The latest bonus ordinance was passed in the year 2007. Bonuses are calculated for those whose pay + DA does not exceed Rs. 10,000 per month. All regular, casual, and contract employees are eligible to receive the bonus as per the above wage limit. Employees who worked 30 days in a year are also eligibl" ... (more)