Dear Concern, If you mailtain a separate balance sheet you no need to pay bonus for first five years or otherwise you will have to pay bonus. Regards ARD
From India, Mumbai
From India, Mumbai
AS per update
MAximum salary limit is RS 10000/ per month but ceilling amount is R7500/ per month.i.e. any body having salary upto 10000/- can enjoy bonus but his bonus will be calculated for Rs 7500 i.e. yearly maximum bonus will be 7500*12*.2=18000
From India, Mumbai
14MAximum salary limit is RS 10000/ per month but ceilling amount is R7500/ per month.i.e. any body having salary upto 10000/- can enjoy bonus but his bonus will be calculated for Rs 7500 i.e. yearly maximum bonus will be 7500*12*.2=18000
From India, Mumbai
Dear Sir,
We are pvt.ltd co. running service businnes (establishment) , we would like to konw about bonus rule. we have total 15 staff members. Whether we have to give bonus to our staff or Not ?
Pl reply
Bharat Shah
From India
We are pvt.ltd co. running service businnes (establishment) , we would like to konw about bonus rule. we have total 15 staff members. Whether we have to give bonus to our staff or Not ?
Pl reply
Bharat Shah
From India
Dear Bharat Shah, As you are employing less than 20 employees in your establishment this Act is not applicable to you & therefore you are not to give bonus under this Act of 1965. Regards, R N KHOLA
From India, Delhi
From India, Delhi
Dear Member,
Every employee shall be entitled to be paid by his employer in an accounting year, bonus, in accordance with the provisions of this Act, provided he has worked in the establishment for not less than thirty working days in that year. For more details plz go through section 8 of Payment of Bonus Act, 1965.
Regards,
R.N.Khola
From India, Delhi
Every employee shall be entitled to be paid by his employer in an accounting year, bonus, in accordance with the provisions of this Act, provided he has worked in the establishment for not less than thirty working days in that year. For more details plz go through section 8 of Payment of Bonus Act, 1965.
Regards,
R.N.Khola
From India, Delhi
Dear Jeeva
Yet it is true that the Bonus is applicable after 5th year, This is statutory/mandatory. but it is at the company's discretion to pay the bonus even earlier period.
If any employees Basic+DA is morethan 10,000.00 there is no need to pay the Bonus as per the Act, still if management wishes to pay then there is no restriction & company can pay as per their earnings. Please note for Bonus calculation only Basic+DA need to be counted & not the Gross which includes the HRA, CA, LTA, etc.
KUMAR
From India, Bangalore
Yet it is true that the Bonus is applicable after 5th year, This is statutory/mandatory. but it is at the company's discretion to pay the bonus even earlier period.
If any employees Basic+DA is morethan 10,000.00 there is no need to pay the Bonus as per the Act, still if management wishes to pay then there is no restriction & company can pay as per their earnings. Please note for Bonus calculation only Basic+DA need to be counted & not the Gross which includes the HRA, CA, LTA, etc.
KUMAR
From India, Bangalore
anyone plz help me out regarding BONUS ACT, how it is calculated & wht is the criteria for this..?
it can be deal with one month salary or can be 8.33% to 20 %.....
what is the set off- set on process ?
Tushar sharma
From India, Delhi
it can be deal with one month salary or can be 8.33% to 20 %.....
what is the set off- set on process ?
Tushar sharma
From India, Delhi
Hello All....
I have one problem...
I recently resigned from my last company. They paid me Bonus 3500 for Last financial year and NIL for this year.
I attached file here
My point is, they told me that Bonus is at 8.33% if you resign from company. But they even didnt gave me that too. They told me upper band is 3500/- pa. Is it so??
One more qn is, they mentioned in letter that min rate of bonus is 8.33% and 11.67% is variable. Variable is dependent upon Performance. Now bonus is paid as per company performance, right?? Then I should get that variable amount too, ofcourse when they announce rate of that variable.
I need help from you all guys. Please mail me at
From India, Valsad
I have one problem...
I recently resigned from my last company. They paid me Bonus 3500 for Last financial year and NIL for this year.
I attached file here
My point is, they told me that Bonus is at 8.33% if you resign from company. But they even didnt gave me that too. They told me upper band is 3500/- pa. Is it so??
One more qn is, they mentioned in letter that min rate of bonus is 8.33% and 11.67% is variable. Variable is dependent upon Performance. Now bonus is paid as per company performance, right?? Then I should get that variable amount too, ofcourse when they announce rate of that variable.
I need help from you all guys. Please mail me at
From India, Valsad
Dear HR Fraternity !!!
What is this Rs.3,500/- ?
What is this Rs.10,000/- ?
Can anyone tell me - what is the bonus to be given to an employee who is drawing salary about Rs.15,000/- ? His Basic Salary is Rs.9,000/- ? How to calculate the Bonus for him ? He joined the company on 1.4.2009.
Thanks
Gopal
From India, Bangalore
What is this Rs.3,500/- ?
What is this Rs.10,000/- ?
Can anyone tell me - what is the bonus to be given to an employee who is drawing salary about Rs.15,000/- ? His Basic Salary is Rs.9,000/- ? How to calculate the Bonus for him ? He joined the company on 1.4.2009.
Thanks
Gopal
From India, Bangalore
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The Payment Of Bonus Act 1965-Update-02- 01.01.16-Wage - 21K- Min Bons 7K-01.04.14.pdf