Dear All, What is the min & max limit of bonus and bonus is calculated whether on gross or basic salary. Regards Irfan
From India, Delhi
2From India, Delhi
dear irfan
if basic+DA of an individual is less than 10 k per month he is entitle to get bonus as per bonus act.bonus calculation is done on 3500 it means we will presume that individual is getting 3500 per month.ninimum bonus is 8.33%
which comes to 300 and maximum bonus bonus is 20% which comes to
8400.
it is calculated on basic+DA
tks
j s malik
From India, Delhi
if basic+DA of an individual is less than 10 k per month he is entitle to get bonus as per bonus act.bonus calculation is done on 3500 it means we will presume that individual is getting 3500 per month.ninimum bonus is 8.33%
which comes to 300 and maximum bonus bonus is 20% which comes to
8400.
it is calculated on basic+DA
tks
j s malik
From India, Delhi
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BONUS CEILING LIMIT APPROVED.pdf
Amendment to Payment of Bonus Act 2015.jpg