Dear Sir,
As per the Bonus Act, the minimum bonus to be paid is 8.33% of BASIC + D.A. The minimum ceiling is Rs. 3500.00. An employee drawing more than Rs. 3500 (Basic + DA), what will be his eligibility for the bonus?
From India, Bangalore
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As per the Bonus Act, the minimum bonus to be paid is 8.33% of BASIC + D.A. The minimum ceiling is Rs. 3500.00. An employee drawing more than Rs. 3500 (Basic + DA), what will be his eligibility for the bonus?
From India, Bangalore
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Hi Xavier,
If the employee's Basic + DA is 3500, then the bonus is 292 pm. If the employee's Basic + DA is 3500 or greater, then the bonus is also limited to 292 pm. If the employee's Basic + DA is 3000, then the bonus is 250 pm.
Hope this is clear.
Regards,
Giri
From India, Bangalore
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4If the employee's Basic + DA is 3500, then the bonus is 292 pm. If the employee's Basic + DA is 3500 or greater, then the bonus is also limited to 292 pm. If the employee's Basic + DA is 3000, then the bonus is 250 pm.
Hope this is clear.
Regards,
Giri
From India, Bangalore
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Employee is eligible for a bonus if drawing wages (Basic+DA) up to Rs. 10,000/- per month or less (8.33% OR 20%). For calculation purposes, a maximum of Rs. 3,500/- per month will be taken even if an employee is drawing up to Rs. 10,000/- per month. It's at management's discretion to pay Ex-gratia for wages above Rs. 10,000 (Basic+DA).
Mahesh Patel
From India, Ahmadabad
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Mahesh Patel
From India, Ahmadabad
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Mr. Surjeet,
You shall take only Basic + DA for bonus calculation, not gross. The employees who are receiving Rs. 3500/- (Basic + DA) and below are the only ones eligible for a bonus as per the Bonus Act.
Thanks,
SELVAKUMAR
From United States, Los Angeles
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You shall take only Basic + DA for bonus calculation, not gross. The employees who are receiving Rs. 3500/- (Basic + DA) and below are the only ones eligible for a bonus as per the Bonus Act.
Thanks,
SELVAKUMAR
From United States, Los Angeles
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Dear Reyami,
Please refer to the Gazette notification of India regarding "The Payment of Bonus (Amendment) Ordinance, 2007" dated 27.10.2007, which raises the eligibility limit for payment of bonus from a salary or wages of Rs. 3500 per month to Rs. 10000 per month.
If you require the notification, please contact me via email at
.
M.K. Sharma Mobile: 9990422755
From India, New Delhi
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Please refer to the Gazette notification of India regarding "The Payment of Bonus (Amendment) Ordinance, 2007" dated 27.10.2007, which raises the eligibility limit for payment of bonus from a salary or wages of Rs. 3500 per month to Rs. 10000 per month.
If you require the notification, please contact me via email at
M.K. Sharma Mobile: 9990422755
From India, New Delhi
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Dear Reyami,
Please refer to the Gazette notification of India regarding "The Payment of Bonus (Amendment) Ordinance, 2007" dated 27.10.2007, which raises the eligibility limit for payment of bonus from the salary or wages of Rs. 3500 per month to Rs. 10000 per month.
If you require the notification, please contact me via email at somc.delhi@gmail.com.
M.K. Sharma
Mobile: 9990422755
Dear Sir,
As per the Bonus Act, the minimum bonus to be paid is 8.33% of BASIC + D.A. The minimum ceiling is Rs. 3500.00. An employee drawing more than Rs. 3500 (Basic + DA), what will be his eligibility for a bonus?
[QUOTE=xavier reyami;876006]
From India, New Delhi
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Please refer to the Gazette notification of India regarding "The Payment of Bonus (Amendment) Ordinance, 2007" dated 27.10.2007, which raises the eligibility limit for payment of bonus from the salary or wages of Rs. 3500 per month to Rs. 10000 per month.
If you require the notification, please contact me via email at somc.delhi@gmail.com.
M.K. Sharma
Mobile: 9990422755
Dear Sir,
As per the Bonus Act, the minimum bonus to be paid is 8.33% of BASIC + D.A. The minimum ceiling is Rs. 3500.00. An employee drawing more than Rs. 3500 (Basic + DA), what will be his eligibility for a bonus?
[QUOTE=xavier reyami;876006]
From India, New Delhi
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Good notification, but one question is that suppose if Basic is 2500, DA = 1500, and his Basic & DA become 4000. Apart from this, he gets HRA 1000, CA 800, medical allowance 2000, and education allowance 200. His salary becomes 8000.
Here in Karnataka, on allowances, P.T. is going to deduct, i.e., 100 Rs. Now B & D is 4000, is 30 Rs. Now whether again we have to deduct P.T.? Can anybody tell about this?
Please advise. - SLG
From India, Belgaum
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Here in Karnataka, on allowances, P.T. is going to deduct, i.e., 100 Rs. Now B & D is 4000, is 30 Rs. Now whether again we have to deduct P.T.? Can anybody tell about this?
Please advise. - SLG
From India, Belgaum
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