If any organization is willing or ready to offer you the manager position, then it's fine; go ahead. However, it's not an easy task. I think you have to choose the correct step because further you may encounter problems.
Regards,
Ramnath
From India, Bangalore
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10Regards,
Ramnath
From India, Bangalore
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In Bonus Act, the total number of employees mean, irrespective of eligibility for claiming bonus. Regards Kumar
From India, Kakinada
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From India, Kakinada
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Hi Jagdish,
The simple interpretation 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 employees is either 20 or more. Any establishment having a working strength of 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 the total strength is more than 20, the bonus is payable to all of them irrespective of their wages/salaries.
From India, Gurgaon
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The simple interpretation 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 employees is either 20 or more. Any establishment having a working strength of 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 the total strength is more than 20, the bonus is payable to all of them irrespective of their wages/salaries.
From India, Gurgaon
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Dear Mr. Jagdish,
The act applies only to those establishments that have an employment strength of 20 or above; the rate of salary and wages does not matter. However, the bonus is payable only to those employees who are receiving a salary or wages up to 10000 per month.
Thanks,
Ajay Shukla
Labour Laws Consultant, Kanpur
09839066035
From India, Calcutta
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The act applies only to those establishments that have an employment strength of 20 or above; the rate of salary and wages does not matter. However, the bonus is payable only to those employees who are receiving a salary or wages up to 10000 per month.
Thanks,
Ajay Shukla
Labour Laws Consultant, Kanpur
09839066035
From India, Calcutta
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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
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From India, Gurgaon
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Hello dear,
The Payment of Bonus Act extends to the whole of India and is applicable to every factory and to every establishment where 20 or more workers are employed on any day during an accounting year. The Central/State Government can, however, extend its provisions to any establishment employing less than 20 but more than 10 employees. For the purpose of calculating the number of employees for the 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 a bonus.
From India, New Delhi
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The Payment of Bonus Act extends to the whole of India and is applicable to every factory and to every establishment where 20 or more workers are employed on any day during an accounting year. The Central/State Government can, however, extend its provisions to any establishment employing less than 20 but more than 10 employees. For the purpose of calculating the number of employees for the 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 a bonus.
From India, New Delhi
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Dear All,
After reading through the entire discussion on this thread, can I safely infer that a bonus is not mandatory for employees with a salary more than 10,000/- per month? Most companies include 20% of the Basic salary in the CTC details when employing senior individuals with salaries much higher than the 10,000/- limit.
Thank you.
From India, Ambala
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After reading through the entire discussion on this thread, can I safely infer that a bonus is not mandatory for employees with a salary more than 10,000/- per month? Most companies include 20% of the Basic salary in the CTC details when employing senior individuals with salaries much higher than the 10,000/- limit.
Thank you.
From India, Ambala
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It's not the number of employees that matter, but the bonus limit that counts. If an employee's salary is Rs. 10,000.00, then the bonus will be calculated based on a limit of Rs. 3,500.00. So, the minimum bonus at 8.33% of Rs. 3,500.00 is Rs. 292.00 per month, and the maximum bonus at 20% of Rs. 3,500.00 is Rs. 700.00 per month.
Hope this clarifies.
Regards,
Abhijeet Sawant
From India, Ahmadabad
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Hope this clarifies.
Regards,
Abhijeet Sawant
From India, Ahmadabad
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Hi, Mr. Pathak,
For coverage under the Payment of Bonus Act, 10/20 or more employees on the rolls are required (See Section 1 of the Act). Please note that the eligibility for coverage of the establishment under the Act and the salary limit of an employee to become entitled to receive a bonus are two different things.
Best,
Jai
From India
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For coverage under the Payment of Bonus Act, 10/20 or more employees on the rolls are required (See Section 1 of the Act). Please note that the eligibility for coverage of the establishment under the Act and the salary limit of an employee to become entitled to receive a bonus are two different things.
Best,
Jai
From India
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Dear,
Of course, for the coverage of industry under any act, "Total number of employees" means all persons employed in a certain establishment on any day during an accounting year. If the act applies once, it shall continue to be governed by the act, notwithstanding that the number of persons employed therein falls below twenty. One more thing to be cleared, "EMPLOYEE" means any person (other than an apprentice) employed on salary/wages/reward/hired for the coverage of the act.
Manu
From India
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Of course, for the coverage of industry under any act, "Total number of employees" means all persons employed in a certain establishment on any day during an accounting year. If the act applies once, it shall continue to be governed by the act, notwithstanding that the number of persons employed therein falls below twenty. One more thing to be cleared, "EMPLOYEE" means any person (other than an apprentice) employed on salary/wages/reward/hired for the coverage of the act.
Manu
From India
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