My question is Under Payment of Bonus act Ceiling is 7000 or minimum wages which ever is high. So the minimum wages which consider? Unskilled Semi Skilled Skilled Super Skilled
From India, Bhopal
3From India, Bhopal
Dear colleague, Minimum wages applicable for individual skill level to which he is assigned. Regards Vinayak Nagarkar HR-Consultant
From India, Mumbai
From India, Mumbai
Dear Mr. Ravi,
As per my knowledge, you have to consider the minimum wages in areas where it is higher than minimum ceiling of Rs. 7000 irrespective of the category of the employee. The minimum ceiling of Rs. 7000 needs to be considered with an intent to offer additional benefits for those who are in areas where the minimum wage is less than Rs.7000. So it is clear that the act doesnt restrict anyone from getting higher amount of benefits. So irrespective of the category of employees, if the minimum wages of a particular state/area is higher than Rs. 7000, then the employer is held responsible for making bonus payment on that amount.
Thanks and Best Regards,
Syam
From India, Bengaluru
As per my knowledge, you have to consider the minimum wages in areas where it is higher than minimum ceiling of Rs. 7000 irrespective of the category of the employee. The minimum ceiling of Rs. 7000 needs to be considered with an intent to offer additional benefits for those who are in areas where the minimum wage is less than Rs.7000. So it is clear that the act doesnt restrict anyone from getting higher amount of benefits. So irrespective of the category of employees, if the minimum wages of a particular state/area is higher than Rs. 7000, then the employer is held responsible for making bonus payment on that amount.
Thanks and Best Regards,
Syam
From India, Bengaluru
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc