1-In haryana, the bonus will be caluclated on actuals or 7000 whichever is lower 2-In delhi, the bonus will be calculated on 8903
From India, Valsad
From India, Valsad
it is 7000 or Minimum wages(as on financial year close date i.e.March 31st 2014/105) which ever is higher. If companies has multiple locations Bonus varies for each location employee.
Regards,
Keshav Reddy.
From India, Bangalore
44Regards,
Keshav Reddy.
From India, Bangalore
Clarify what ? I think all the points raised have been clearly and specifically replied by various members. Quoted : dear experts please advise. BHAGWATI PRASAD JAMLOKI HR OFFICER
From India, Mumbai
From India, Mumbai
What will be the last date for paying Bonus for the FY 2014-15? since last date i.e November 2015 has already passed. has any rules or notification have been framed by the Ministry regarding it.
From India, Valsad
From India, Valsad
You will need to pay it in arrears in the next payroll you process. No rules are framed, but they will allow reasonable time to pay the arrears. I think max 2 months would be allowed.
From India, Mumbai
From India, Mumbai
I suggest you recalculate the % of bonus payable by your company as per bonus act, in terms of your 'allocable surplus' and the provisions of bonus act. Based on this percentage you arrive at the bonus that should have been paid by you correctly in terms of revised bonus act provisions. From this you minus the bonus already paid. Shortfall if any, will have to be made good by you.
From India, Pune
From India, Pune
Since wages limit for bonus is now Rs.21,000, and wages includes only Basic + VDA, many Software Engineers will also be eligible for bonus. The bonus is now payable on minimum wages for the scheduled employment or Rs.7,000, whichever is higher, so I would like to know the minimum wages for Software Engineers in Karnataka. In the Karnataka minimum wages for Shops and Commercial Establishments (see attachment), the class of employment closest to "Software Engineer" that I found that is "Computer Operator". Is that the correct class of employment to use to determine minimum wages for Software Engineers? Thanks for your guidance.
From India, Delhi
From India, Delhi
I do not think software development is in a scheduled employment. So the residual category will be shop and establishment (offices) and software engineers will be skilled or highly skilled.
From India, Mumbai
From India, Mumbai
Thank you for your reply and valuable opinion. In Karnataka minimum wages for Shops and Commercial Establishments, there is no category for Skilled and Highly Skilled. As shown in the attachment to my earlier message, the Class of employment is categorised from Group I to Group V and then Office Staff. So for the purpose of minimum wages for Software Engineers, I am wondering if Group IV - General Workers (item 9) will apply or if Office Staff - Computer Operator (item 5) will apply. Any guidance would be appreciated.
From India, Delhi
From India, Delhi
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Payment of Gratuity Amendment Bill 2010.pdf
Kerala High Court Stay_ Payment of Bonus (Act) Amendment.jpg