Vivekanand Yadav
Dear Team,

Please suggest bonus calculation on UP minimum wage.

Exp. Skilled salary MW is Rs 13120 (Basic+DA) and total gross salary is Rs 18500. How much will be the one month 20% bonus??

Basic+DA 13120 2624
Gross 18500 3700


Pls suggest

From India, Lucknow
kannanmv
257

Hi Vivekanand Yadav,

The eligibility ceiling under the Bonus Act is Rs.21,000/- and the wage ceiling is Rs.7,000/- or Minimum Wages whichever is higher.

In this case the Minimum wage is Rs.13,120/- and hence, 20% Bonus will be Rs.2,624/-

Regards

MVK

From India, Madras
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.