No Tags Found!


Bhardwaj Ramesh
1137

Dear Forum members,
As per my knowledge the bonus calculation limit is Rs.3500/ basic per month. Plese help me out whether the limit has been increased or not. last year it was noticed in some news papers that the Govt. is considering to raise the limit.
Regards
RB

From India, New Delhi
R.N.Khola
363

Dear RB, This limit has not been increased so far. Regards R.N.KHLOA|Sr.ASSOCIATE|LL&IR| SKYLARK ASSOCIATES|GURGAON|HARYANA| Labour Law Consultants|Mobile:9810405361|
From India, Delhi
rkn61
625

Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
Thanks.
R K Nair

From India, Aizawl
sethupathy
54

Dear All, Mr.R.K.N and Mr.R.N.K, Thanks for your valuable inputs. I am also enclosing the amendment notification and the bill for members reference. S.Sethupathy Excellent HR Services, Erode.
From India, Coimbatore
Attached Files (Download Requires Membership)
File Type: doc Bonus act amendment 07.doc (113.0 KB, 8460 views)
File Type: pdf Bill-Payment of Bonus Act Amendment[2010].pdf (629.9 KB, 4171 views)
File Type: xls Bonus_Calulation.xls (21.5 KB, 5780 views)

cms123
1

Dear All
it was just draft bill its not yet published in Gazzete of India hence not applicable , current bonus ceiling of 3500 will continue till the publication of amendment in Bonus
Thanks
Sunil Nipurte
Mumbai

From India, Mumbai
kirankumarsastry
1

Pl let me know if the recommendations on enhancing the above limits have been accepted and accordingly has the amendment bill been passed. Thanks, Sastry
From India, Bangalore
nikhilraj
4

Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
plz send me G.O. copy of above amemdment bill

From India, Bangalore
senthil_shivas
Dear Sir, In Bonus Calculation in industry (Manpower supplier), Bonus = Basic *8.33/100 OR Basic +Da *8.33/100 Kumar
From India, Chennai
senthil_shivas
Dear Sir, Pls clarify my staff Basic - 4365 and DA - 2582 = total 6947, in bonus - 6947*8.33% OR 4365 *8.33% Reply me sir kumar
From India, Chennai
boss2966
1168

Dear Senthil
It must be 3500 X 8.33% because the Basic or Basic+DA is exceed the limit of Rs.3500/-. Always the Bonus calculation is Basic + DA or the Minimum Salary (as per Minimum Wages Act) fixed by the appropriate government.

From India, Kumbakonam
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.