In Bonus - Our Basic 4350 and DA - 2582 how to calculate bonus i.e 4350+2582 * 8.33% OR 4350 *8.33% Pls clarify kumar
From India, Chennai
From India, Chennai
Dear Sir
Does it mandatory to maintain same % of bonus in coming years too incase if its higher than 8.33% and subject to minimum profits of the organization in that particular year ?
With thanks
Rao..T.N
From India, Hyderabad
Does it mandatory to maintain same % of bonus in coming years too incase if its higher than 8.33% and subject to minimum profits of the organization in that particular year ?
With thanks
Rao..T.N
From India, Hyderabad
Hello All,
I am student of MSW and recently I have studied this act and there is no change in ceiling of bonus calculation.. it is 3500 to 5000...
Seniors' Views are welcome.
Thank you,
Harshil khatri
Vadodara
From India
6I am student of MSW and recently I have studied this act and there is no change in ceiling of bonus calculation.. it is 3500 to 5000...
Seniors' Views are welcome.
Thank you,
Harshil khatri
Vadodara
From India
Please find the attached file.. May help you. a very brief idea of calculation of Bonus according to Payment of Bonus Act, 1965..
From India
From India
Dear Sir,
It is compulsory under The Payment of Bonus Act, 1965. Under Section 1
Bonus is the compulsory for all employees in a company.
what if the company is not paying the bonus to all employees?
can employee take any step ? or what he can do ?
From Myanmar [Burma], undefined
It is compulsory under The Payment of Bonus Act, 1965. Under Section 1
Bonus is the compulsory for all employees in a company.
what if the company is not paying the bonus to all employees?
can employee take any step ? or what he can do ?
From Myanmar [Burma], undefined
Dear Sir,
It is compulsory under The Payment of Bonus Act, 1965. Under Section 1
Bonus is the compulsory for all employees in a company.
what if the company is not paying the bonus to few employees?
can employee take any step ? or what he can do ?
From Myanmar [Burma], undefined
It is compulsory under The Payment of Bonus Act, 1965. Under Section 1
Bonus is the compulsory for all employees in a company.
what if the company is not paying the bonus to few employees?
can employee take any step ? or what he can do ?
From Myanmar [Burma], undefined
Dear Mr.Senthil, As per latest amendment in bonus act 1965, the min. wages for bonus calculation is raised from 3500 to 7000. So, in your case, the min 7000 is to be taken for calculation.
From India, Thane
From India, Thane
Hi i want to know how to calculate bonus and 21000 ceiling point is basic or gross???
From India, Hyderabad
From India, Hyderabad
Dear Member,
According to the Payment of Bonus Act, 1965 we are not to deduct any bonus amount from the salary of the employee . Employer is to pay bonus considering basic & DA. If DA is not there then we are to consider only basic wages. For more details you can go through definition of wage/salary under this Act.
Regards,
R N KHOLA
From India, Delhi
According to the Payment of Bonus Act, 1965 we are not to deduct any bonus amount from the salary of the employee . Employer is to pay bonus considering basic & DA. If DA is not there then we are to consider only basic wages. For more details you can go through definition of wage/salary under this Act.
Regards,
R N KHOLA
From India, Delhi
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.
Tax limit and calculation 2011-2012.doc
SALARY SHEET CALCULATION.xls