Hi..Can anyone tell me how Bonus is calculated as new GO for Minimum ceiling revision was came , is 7000 minimum or 8400
From India, undefined
1From India, undefined
Dear Mr Pankaj,
You can calculate the Bonus Amount as per declared % by the management.
But you must ensure that its base for Wages Rate shall be minimum wages applicable in your
area / industry but in any case it will not be lower than 7000/- PM.
Hope you will be satisfied with above
From India
You can calculate the Bonus Amount as per declared % by the management.
But you must ensure that its base for Wages Rate shall be minimum wages applicable in your
area / industry but in any case it will not be lower than 7000/- PM.
Hope you will be satisfied with above
From India
First you need to compute available surplus and allocable surplus as per the formula specified in the act
Then you should compute the salary eligible for bonus, but taking actual annual salary, with the ceiling of ₹7000 per month or minimum wages applicable WHICHEVER IS HIGHER
The entire allocable surplus is to be paid as bonus proportionate to wages computed above for each person, subject to minimum 8.33% and maximum of 20%
From India, Mumbai
Then you should compute the salary eligible for bonus, but taking actual annual salary, with the ceiling of ₹7000 per month or minimum wages applicable WHICHEVER IS HIGHER
The entire allocable surplus is to be paid as bonus proportionate to wages computed above for each person, subject to minimum 8.33% and maximum of 20%
From India, Mumbai
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc