Dear All
One of my friend was working in a company for a consolidated pay of 15000 per month. His salary was not been bifurcated as Basic, D.A, HRA etc. The management has done this only to escape from PF & ESI. Now he has resigned. Whether he is eligible for Bonus from his employer? Please put your opinions....
Regards
Hareesh
HRM
From India, Kochi
1One of my friend was working in a company for a consolidated pay of 15000 per month. His salary was not been bifurcated as Basic, D.A, HRA etc. The management has done this only to escape from PF & ESI. Now he has resigned. Whether he is eligible for Bonus from his employer? Please put your opinions....
Regards
Hareesh
HRM
From India, Kochi
Those bifurcation for PF was done that has to be considered for Bonus eligible salary also. And if he falls below 10,000/- p.m., then eligible for bonus whey payable for 2012-13.
From India, Ahmadabad
From India, Ahmadabad
As his salary is not bifurcated , though consider his monthly salary is Rs.15000/- according to law, he is not entitle to get bonus, as the
From Singapore
From Singapore
Dear Friend, As per law his gross salary is more than 10,000/- so he is not eligible for bonus. Mahesh
From India, Pune
From India, Pune
Dear Mr. Hareesh,
In accordance with the Bonus Act 1965, those who make their Basic + D.A lesser or equal to Rs.10,000/- per month will not be eligible for bonus. Since his salary has not been alienated and crosses Rs.10,000 p.m, therefore no bonus would be expeted from his employer.
From India, Visakhapatnam
In accordance with the Bonus Act 1965, those who make their Basic + D.A lesser or equal to Rs.10,000/- per month will not be eligible for bonus. Since his salary has not been alienated and crosses Rs.10,000 p.m, therefore no bonus would be expeted from his employer.
From India, Visakhapatnam
Dear Seniors, If the company pays consolidated pay to avoid pf and esi, how will they calculate gratuity. Kindly enlighten me on this. Regards K Lakshme Devi
From India, Pondicherry
From India, Pondicherry
Dear Ms. K. Lakshme Devi,
If the salary/ paycheck is consolidated then then the gratuity will be counted on the gross pay only, as there is no Basic to be calculated.
Employee who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
Gratuity can be calculated as:
15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.
26 = only 26 days in a month is calculated for gratuiity.
From India, Visakhapatnam
If the salary/ paycheck is consolidated then then the gratuity will be counted on the gross pay only, as there is no Basic to be calculated.
Employee who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
Gratuity can be calculated as:
15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.
26 = only 26 days in a month is calculated for gratuiity.
From India, Visakhapatnam
Where no break up of salary is there, the entire salary is considered as basic all computation will be done on that basis.
From India, Mumbai
From India, Mumbai
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Amendment to Payment of Bonus Act 2015.jpg
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