payment of bonus act hi all my question is bonus is applicable in hospital or not, regards bnpandey
From India, New Delhi
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3From India, New Delhi
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Hello Friends,
I'm confused about the amounts of 3500/- and 10000. Let's consider a scenario where a person has worked for 4 months in one accounting year. Out of these 4 months, the person worked for 3 full months, while in the 4th month, they attended the office for only 4 days. It's noted that the salary for 10 days has been given after adjustments for available leave.
Now, the question is, what would be the bonus amount and how should the calculation be done? Would it be 8.33% of 3500 or 8.33% of the total wages, for example, 8000/-?
Thanks & Regards,
Karuna Sharma
From India, New Delhi
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I'm confused about the amounts of 3500/- and 10000. Let's consider a scenario where a person has worked for 4 months in one accounting year. Out of these 4 months, the person worked for 3 full months, while in the 4th month, they attended the office for only 4 days. It's noted that the salary for 10 days has been given after adjustments for available leave.
Now, the question is, what would be the bonus amount and how should the calculation be done? Would it be 8.33% of 3500 or 8.33% of the total wages, for example, 8000/-?
Thanks & Regards,
Karuna Sharma
From India, New Delhi
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Dear Member,
When your basic salary is more than Rs 10,000 per month, you are not eligible to receive payment of bonus from the employer under the Payment of Bonus Act, 1965.
R.N. KHOLA
Welcome Skylark Associates
From India, Delhi
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When your basic salary is more than Rs 10,000 per month, you are not eligible to receive payment of bonus from the employer under the Payment of Bonus Act, 1965.
R.N. KHOLA
Welcome Skylark Associates
From India, Delhi
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Dear All,
I have a few queries regarding the Payment of Bonus Act:
1. Is the payment of bonus calculated from the basic salary or the gross salary?
2. The salary or wages have been revised to Rs. 10,000 with effect from November 2007. Are there any changes to the wages? Please confirm.
I am awaiting your positive reply.
Regards,
Gayathri
From India, Chennai
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I have a few queries regarding the Payment of Bonus Act:
1. Is the payment of bonus calculated from the basic salary or the gross salary?
2. The salary or wages have been revised to Rs. 10,000 with effect from November 2007. Are there any changes to the wages? Please confirm.
I am awaiting your positive reply.
Regards,
Gayathri
From India, Chennai
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As per CA Hitesh Juneja, "The Payment of Bonus (Amendment) Act, 2015 received the assent of the President on 31st December 2015". The act has been recently amended, and there has been an increase in the eligibility limit for coverage of employees, as well as the limit for the calculation of bonus.
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From India, New Delhi
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From India, New Delhi
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Please, I need your help, friends. Our salary components are as follows - basic, HRA, Conveyance, Special or working allowances, and tiffin. May I will get the bonus whether on basic or the sum of all components? Please clarify.
From India, Madras
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From India, Madras
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