If any organisation is willing or ready to give u the manager position, than its fine go ahead. and its not a easy task...
I thing u hav to chose the correct step..bcoz further u may get in to prlb.
regards,
ramnath
From India, Bangalore
10I thing u hav to chose the correct step..bcoz further u may get in to prlb.
regards,
ramnath
From India, Bangalore
In Bonus Act, the total number of employees mean, irrespective of eligibility for claiming bonus. Regards Kumar
From India, Kakinada
From India, Kakinada
Hi Jagdish,
The Simple interpretetion of the Act is that the Bonus Act, or the provisions of the Act is applicable to any Industry or establishment where the Number of the employees is either 20 or more than 20. Any establishment having working strength less than 20 does not attract any provisions of the said law. For more details please refer to The Payment of Bonus Act,However if at all the total strength is more than 20,the Bonus is payable to all of them irrespective of their wages / Salaries.
From India, Gurgaon
The Simple interpretetion of the Act is that the Bonus Act, or the provisions of the Act is applicable to any Industry or establishment where the Number of the employees is either 20 or more than 20. Any establishment having working strength less than 20 does not attract any provisions of the said law. For more details please refer to The Payment of Bonus Act,However if at all the total strength is more than 20,the Bonus is payable to all of them irrespective of their wages / Salaries.
From India, Gurgaon
Dear Mr. Jagdish,
The act applies only on those establishment who are having employment strength of 20 or above, the rate of salary'wages does not matter.
But the bonus is payable to only those employees who are getting salary/wages upto 10000 per month.
Thanks
Ajay Shukla
Labour Laws Consultant, Kanpur
09839066035
From India, Calcutta
The act applies only on those establishment who are having employment strength of 20 or above, the rate of salary'wages does not matter.
But the bonus is payable to only those employees who are getting salary/wages upto 10000 per month.
Thanks
Ajay Shukla
Labour Laws Consultant, Kanpur
09839066035
From India, Calcutta
The minimum eligibility for payment of bonus is 30 working days in an accounting year.The bonus act 1965 is applicable to a minimum of 20 persons employed in an industrial establishment
From India, Gurgaon
From India, Gurgaon
hello dear
The Payment of Bonus Act extends to the whole of India and is applicable to every factory and to every establishment wherein 20 or more workers are employed on any day during an accounting year.
The Central/State Governmenment can however, extend its provisions to any establishment employing less than 20 but more than 10 employeess.
For the purpose of calculating the number of employees for applicability of the Act, part-time employees are also included.
Every employee not drawing more than Rs.3500 per month who has worked for not less than 30 days in an accounting year, shall be eligible for bonus.
From India, New Delhi
The Payment of Bonus Act extends to the whole of India and is applicable to every factory and to every establishment wherein 20 or more workers are employed on any day during an accounting year.
The Central/State Governmenment can however, extend its provisions to any establishment employing less than 20 but more than 10 employeess.
For the purpose of calculating the number of employees for applicability of the Act, part-time employees are also included.
Every employee not drawing more than Rs.3500 per month who has worked for not less than 30 days in an accounting year, shall be eligible for bonus.
From India, New Delhi
Dear All, After reading thru entire discussion on this thread, Can I safely infer that bonus is not mandatory for emloyees with sal more than 10,000/- p.m.? Most of the companies show 20 % of Basic in the CTC details when emploing senior ppl with salaries much more than 10 K limit...
From India, Ambala
From India, Ambala
It's not No of employees it is Bonus limit which counts. If an employee salary is 10000.00 Rs than Bonus will be calculated on limit of 3500.00 . so minimu Bonus @ 8.33% of 3500.00 is 292.00 per month and maximum Bonus @205 of 3500.00 is 700.00 pr month.
Hope it clarifies
Regards
Abhijeet Sawant
From India, Ahmadabad
Hope it clarifies
Regards
Abhijeet Sawant
From India, Ahmadabad
Hi Mr. Pathak
For coverage under the Payment of Bonus Act , 10 /20 or more employees on rolls are required .( See Section 1 of the Act )
Please note that the eligibility for coverage of the establishment under the Act and salary limit of an employee to become entitled to receive bonus are two different things.
Best
Jai
.
From India
For coverage under the Payment of Bonus Act , 10 /20 or more employees on rolls are required .( See Section 1 of the Act )
Please note that the eligibility for coverage of the establishment under the Act and salary limit of an employee to become entitled to receive bonus are two different things.
Best
Jai
.
From India
Dear ,
Offcourse for the coverage of industry under any act "Total nos of emlployees " means all persons employed in certain eastablishment on any day during an accounting year. if the act applies once it shall be contineu to be governed by act notwithstanding that the nos of persons employed therein falls below twenty. one more thing to be cleared "EMPLOYEE"means any person (other than apprentice) employed on salary/wages/reward/hired for the coverage of the act.
manu
From India
Offcourse for the coverage of industry under any act "Total nos of emlployees " means all persons employed in certain eastablishment on any day during an accounting year. if the act applies once it shall be contineu to be governed by act notwithstanding that the nos of persons employed therein falls below twenty. one more thing to be cleared "EMPLOYEE"means any person (other than apprentice) employed on salary/wages/reward/hired for the coverage of the act.
manu
From India
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf