Dear Member, It is always better to post your query on similar or separate thread. This thread relates to Payment of Bonus Act. Regards, R N KHOLA
From India, Delhi
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422From India, Delhi
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Hi Friend,
Bonus is applicable when an employee transfers from one department to another department within the same establishment. If an employee has worked for 30 days, then he/she will be eligible for a bonus.
Regards,
Shyam Pandirkar
From India, Mumbai
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Bonus is applicable when an employee transfers from one department to another department within the same establishment. If an employee has worked for 30 days, then he/she will be eligible for a bonus.
Regards,
Shyam Pandirkar
From India, Mumbai
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Dear All Can anybody tell me as and when this amendment will come into force. bcoz we are in a process to disburse bonus for the financial year ended 31st March’2010.
From India, Ludhiana
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From India, Ludhiana
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If a employee salary is 16500 and we employer want to pay bonus on 16500 is it possible to pay on 16500? or paid on only 5000/- as per new amendment.
From India, Mumbai
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From India, Mumbai
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Dear Member,
Where is the new amendment?
Regards,
R.N.Khola
From India, Delhi
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Where is the new amendment?
Regards,
R.N.Khola
From India, Delhi
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The minimum bonus payable to an employee is INR 3500 or 8.33%. What about the upper limit or ceiling of INR 10000 on salary? Any employee receiving a salary greater than INR 10000 is not eligible for a bonus. Is the limit of INR 10000 applicable only to the basic salary or to the gross salary as well?
For example, if an employee's basic salary is INR 9500 but their gross salary is INR 50000, are they eligible for the bonus? Similarly, if the basic salary is INR 12000 and the gross salary is INR 20000, is the employee eligible for the bonus?
Taani :)
From India, Gurgaon
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For example, if an employee's basic salary is INR 9500 but their gross salary is INR 50000, are they eligible for the bonus? Similarly, if the basic salary is INR 12000 and the gross salary is INR 20000, is the employee eligible for the bonus?
Taani :)
From India, Gurgaon
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Dear Friend, Above said amendment is not come in act therefore we are not need to act on the same. Shyam Pandirkar
From India, Mumbai
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From India, Mumbai
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If an employee's basic salary is Rs 10,000 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 10,000 or Rs 3,500 only?
If an employee's basic salary is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3,500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Madras
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If an employee's basic salary is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3,500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Madras
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Dear Member,
If there is no addition of any DA and Food allowance in the rate of basic, then your statement is correct, subject to the condition that these employees have worked the whole accounting year and have also drawn full wages.
With Regards,
R.N.Khola
If an employee's Basic is Rs 10,000 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 10,000 or Rs 3500 only? If an employee's Basic is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Delhi
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If there is no addition of any DA and Food allowance in the rate of basic, then your statement is correct, subject to the condition that these employees have worked the whole accounting year and have also drawn full wages.
With Regards,
R.N.Khola
If an employee's Basic is Rs 10,000 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 10,000 or Rs 3500 only? If an employee's Basic is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Delhi
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