My salary components include basic pay, dearness allowance, special pay, house rent allowance (HRA), and conveyance allowance. To calculate eligibility for a bonus, which components are included? Should special pay be considered for bonus calculation and PF calculation? Please provide reasons as well.
From India, Visakhapatnam
Acknowledge(0)
Amend(0)
From India, Visakhapatnam
Acknowledge(0)Amend(0)
If your Gross Basic Salary + Dearness Allowance + variable Dearness Allowance is Rs 21,000/- and below, you come under the purview of The Payment of Bonus Act, 1965. Other allowances mentioned by you do not come under the definition of salary as per the Act.
From India, New Delhi
Acknowledge(0)Amend(0)
691From India, New Delhi
Acknowledge(0)Amend(0)
My basic pay is less than 10,000 and gross is above 21,000. Am I eligible for bonus?
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Calculate Your Age.xls
Gratuity Eligibility.pdf