Dear Mr Malik,
Thank you very much for your valuable response, but here is a small query.. if an employee is getting Basic+DA INR 6000/= in that case the bonus will be calculated 8.33% on 6000/= or he we get 3500/= fixed.
Please help.
Regards,
Jagdish Pathak
# 9811488664
From India, Gurgaon
49Thank you very much for your valuable response, but here is a small query.. if an employee is getting Basic+DA INR 6000/= in that case the bonus will be calculated 8.33% on 6000/= or he we get 3500/= fixed.
Please help.
Regards,
Jagdish Pathak
# 9811488664
From India, Gurgaon
Dear All,
Please read the attachment and tell me bonus will be applicable on 3500/= or the actual salry (basic + DA) if it is above 3500/= and below 10,000/=
Since the limit is increased upto 10,000/=
Regards,
Jagdish Pathak
From India, Gurgaon
Please read the attachment and tell me bonus will be applicable on 3500/= or the actual salry (basic + DA) if it is above 3500/= and below 10,000/=
Since the limit is increased upto 10,000/=
Regards,
Jagdish Pathak
From India, Gurgaon
Dear Jadish,
It is clearly mentioned in the attached file ie in section 12 of the payment of bonus act that bonus shall be calculated at 3500/-. Section 2(13) is definition of an employee under the said act. Every employee receiving wage not more than Rs.10000/- per month is eligible to get bonus.
reebi
From India, Pune
It is clearly mentioned in the attached file ie in section 12 of the payment of bonus act that bonus shall be calculated at 3500/-. Section 2(13) is definition of an employee under the said act. Every employee receiving wage not more than Rs.10000/- per month is eligible to get bonus.
reebi
From India, Pune
Dear All,
Please find attached "Bonus (amendment), the limit has incrased upto 10,000/= now please suggest, whether bonus will be calculated on 3500/= or basic + Da if it is 6000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
Please find attached "Bonus (amendment), the limit has incrased upto 10,000/= now please suggest, whether bonus will be calculated on 3500/= or basic + Da if it is 6000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
Dear All,
Please find attached "Bonus (amendment), the limit has incrased upto 10,000/= now please suggest, whether bonus will be calculated on 3500/= or basic + Da if it is 6000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
Please find attached "Bonus (amendment), the limit has incrased upto 10,000/= now please suggest, whether bonus will be calculated on 3500/= or basic + Da if it is 6000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
Actually there is no fixation of Bonus but as per government rule the company either in profit or loss the bonus @ 8.33% should pay to the employee. In my knowledge various employer is there who are paying bonus equalient to employee salary (if it is Rs. 10000/- or 15000/- per month). In the meantime, a fixation of bonus rule also there i.e. if salary is above Rs. 3500/- per month then the bonus will fix as Rs. 3500/- in place of 8.33% of total salary
From India, Bhopal
From India, Bhopal
When both rules are there i.e. either 8.33% or Rs. 3500/-(fix) the employers will look their own benefit. If, Salary in all (consolidated) is above (no bar) Rs. 3500/-, then employer can fix bonus as Rs. 3500/-. If, consolidated salary below Rs. 3500/- per month then @ 8.33% will effect on such situation.
From India, Bhopal
From India, Bhopal
Dear Jagdish
If a person is getting 10000/-, the bonus limit will be 3500/- for 8.33%, if the Management announces it for 20% Bonus, then you have to add that balance 12.67%, so the payable limit will be 10000/-.
Thanks & Regards
If a person is getting 10000/-, the bonus limit will be 3500/- for 8.33%, if the Management announces it for 20% Bonus, then you have to add that balance 12.67%, so the payable limit will be 10000/-.
Thanks & Regards
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc