Dear All
The confusion is regarding 7000 some of the seniors
is saying it is the minimum wages limit & some is saying it is minimum bonus limit hence first need to examine that what does the means of 7000 defined sec
12 of bonus act. Weather minimum wages or minimum bonus however i have gone through many thread on this portal pertain to bonus calculation all the seniors has shared thier views diffetently
some is saying bonus is to be calculate on actual basic 6000 and some is saying on 7000,
From India, Jaipur
5The confusion is regarding 7000 some of the seniors
is saying it is the minimum wages limit & some is saying it is minimum bonus limit hence first need to examine that what does the means of 7000 defined sec
12 of bonus act. Weather minimum wages or minimum bonus however i have gone through many thread on this portal pertain to bonus calculation all the seniors has shared thier views diffetently
some is saying bonus is to be calculate on actual basic 6000 and some is saying on 7000,
From India, Jaipur
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf