The bonus ceiling limit increased from Rs. 3500 to Rs. 7000. In my organization, the basic of some employees was less than Rs. 7000 (i.e. 6240) in the financial year 2015-2016.
Now my question is on which ceiling I need to calculate the bonus: on Rs. 7000 or on Rs. 6240? Can anyone help me?
From India, Bhopal
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Now my question is on which ceiling I need to calculate the bonus: on Rs. 7000 or on Rs. 6240? Can anyone help me?
From India, Bhopal
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Dear, You have to do calculation on 6240 It’s Maximum limit not minimum... I hope you got it. its upto you that whether you do 20 % or 8.33%
From India, Ahmedabad
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1From India, Ahmedabad
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Dear Sir,
What is the applicability status of this amendment at the Delhi NCR location? It is still doubtful whether we have to implement this from April 2014 or not.
Looking forward to your valuable response.
Regards,
Sunil Sharma
From India, New Delhi
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What is the applicability status of this amendment at the Delhi NCR location? It is still doubtful whether we have to implement this from April 2014 or not.
Looking forward to your valuable response.
Regards,
Sunil Sharma
From India, New Delhi
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Sir, can you please let me know the last date for the submission of bonus returns... Thank You
From India, undefined
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From India, undefined
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Dear All,
Please help me because Minimum Wages are higher than Rs. 7000/- in Haryana for Engineering Industries. It is revised two times in a year, i.e., WEF Jan and WEF July every year.
So, how should we do the calculation? Should we take the yearly average in this case or should we take the monthly minimum wages for calculation purposes? Minimum wages are different for Unskilled/Semiskilled/Skilled categories.
Who takes the minimum wage unskilled-8280/ semiskilled-8694/skilled-9585. So please help me.
Thanks,
JST
From India, Faridabad
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Please help me because Minimum Wages are higher than Rs. 7000/- in Haryana for Engineering Industries. It is revised two times in a year, i.e., WEF Jan and WEF July every year.
So, how should we do the calculation? Should we take the yearly average in this case or should we take the monthly minimum wages for calculation purposes? Minimum wages are different for Unskilled/Semiskilled/Skilled categories.
Who takes the minimum wage unskilled-8280/ semiskilled-8694/skilled-9585. So please help me.
Thanks,
JST
From India, Faridabad
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Amendment to Payment of Bonus Act 2015.jpg
Payment of Bonus Amendment Bill, 2015.pdf