1-In haryana, the bonus will be caluclated on actuals or 7000 whichever is lower 2-In delhi, the bonus will be calculated on 8903
From India, Valsad
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From India, Valsad
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It is 7000 or minimum wages (as on financial year close date, i.e., March 31st, 2014/105), whichever is higher. If companies have multiple locations, the bonus varies for each location employee.
Regards,
Keshav Reddy.
From India, Bangalore
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46Regards,
Keshav Reddy.
From India, Bangalore
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dear experts please advise. BHAGWATI PRASAD JAMLOKI HR OFFICER
From India, Mumbai
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From India, Mumbai
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Clarify what ? I think all the points raised have been clearly and specifically replied by various members. Quoted : dear experts please advise. BHAGWATI PRASAD JAMLOKI HR OFFICER
From India, Mumbai
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From India, Mumbai
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What will be the last date for paying Bonus for the FY 2014-15? since last date i.e November 2015 has already passed. has any rules or notification have been framed by the Ministry regarding it.
From India, Valsad
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From India, Valsad
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You will need to pay it in arrears in the next payroll you process. No rules are framed, but they will allow reasonable time to pay the arrears. I think max 2 months would be allowed.
From India, Mumbai
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From India, Mumbai
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I suggest you recalculate the percentage of bonus payable by your company as per the Bonus Act, considering your 'allocable surplus' and the provisions of the Bonus Act. Based on this percentage, you can determine the correct bonus amount that should have been paid by you in accordance with the revised provisions of the Bonus Act. Then, subtract the bonus already paid. Any shortfall will need to be rectified by you.
From India, Pune
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From India, Pune
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Since the wage limit for the bonus is now Rs. 21,000, and wages include only Basic + VDA, many Software Engineers will also be eligible for the bonus. The bonus is now payable on the minimum wages for the scheduled employment or Rs. 7,000, whichever is higher, so I would like to know the minimum wages for Software Engineers in Karnataka. In the Karnataka minimum wages for Shops and Commercial Establishments (see attachment), the class of employment closest to "Software Engineer" that I found is "Computer Operator." Is that the correct class of employment to use to determine minimum wages for Software Engineers? Thanks for your guidance.
From India, Delhi
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From India, Delhi
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I do not think software development is in a scheduled employment. So the residual category will be shop and establishment (offices) and software engineers will be skilled or highly skilled.
From India, Mumbai
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From India, Mumbai
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Thank you for your reply and valuable opinion. In Karnataka, the minimum wages for Shops and Commercial Establishments do not include categories for Skilled and Highly Skilled workers. As indicated in the attachment from my previous message, the Class of employment is classified from Group I to Group V and then Office Staff. Therefore, I am inquiring whether Group IV - General Workers (item 9) or Office Staff - Computer Operator (item 5) would be applicable for determining the minimum wages for Software Engineers. Any guidance on this matter would be greatly appreciated.
From India, Delhi
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From India, Delhi
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Payment of Gratuity Amendment Bill 2010.pdf