Hello Everyone..
I have joined my company in july 2012 and my salary basic comes under this. So please tell me that because of my date of joininfg am i eligible to get diwali bonus or not or if yes then how much percentage of total salary??.
From India, Delhi
I have joined my company in july 2012 and my salary basic comes under this. So please tell me that because of my date of joininfg am i eligible to get diwali bonus or not or if yes then how much percentage of total salary??.
From India, Delhi
Hi Khola, Just wanted to know if the salary is more than 10,000/- we need to pay them only Rs 8,400/ thats it right.... Nabi
From India, Hyderabad
1From India, Hyderabad
Dear Nabi,
If salary as defined in the Payment of Bonus Act, 1965 is more than Rs.10, 000/- per month then we are not to pay any bonus to the employee under this Act. If the salary of the employee is in between Rs. 3500/- to Rs. 10,000/- per month in the accounting year & employee draws full wages in all the months &if the employer declares 20% bonus then he will be will be eligible to Rs. 8400/- as bonus
Regards,
R N KHOLA
From India, Delhi
If salary as defined in the Payment of Bonus Act, 1965 is more than Rs.10, 000/- per month then we are not to pay any bonus to the employee under this Act. If the salary of the employee is in between Rs. 3500/- to Rs. 10,000/- per month in the accounting year & employee draws full wages in all the months &if the employer declares 20% bonus then he will be will be eligible to Rs. 8400/- as bonus
Regards,
R N KHOLA
From India, Delhi
Dear Prerna,
According to the Payment of Bonus Act, 1965 we are not to pay any bonus for the first accounting year in which we start providing services or production & thus if your accounting year closes on 31.03.2012 then you are not to give any bonus for this accounting year ending March, 2012.
Regards,
R N KHOLA
From India, Delhi
According to the Payment of Bonus Act, 1965 we are not to pay any bonus for the first accounting year in which we start providing services or production & thus if your accounting year closes on 31.03.2012 then you are not to give any bonus for this accounting year ending March, 2012.
Regards,
R N KHOLA
From India, Delhi
Dear All,
If any company (Bonus Act is applicable) is deducting 8.33 % of basic every month because they are showing this same amount as a part of CTC..and than they are giving this same amount in November as a Ex-Gratia..is it as per Act or not?? is it legal or not??
If its legal than why??
If its ill legal than why??
Pls help me out
Regards,
Trilok
From India, Mumbai
If any company (Bonus Act is applicable) is deducting 8.33 % of basic every month because they are showing this same amount as a part of CTC..and than they are giving this same amount in November as a Ex-Gratia..is it as per Act or not?? is it legal or not??
If its legal than why??
If its ill legal than why??
Pls help me out
Regards,
Trilok
From India, Mumbai
Kindly answer as per Bonus Act.
an employee got 3000/- (basic pay) for 12 months i.e. from 01.04.2011 to 31.03.2012. He was promoted then w.e.from 01.04.2011 and his Basic pay was fixed @3300/- p.m. Arrears of basic was paid in next financial year i.e.2012-2013. No please clear that the bonus calculation will be done on this arrear of basic or not?
It is clear to me that it should be paid. Any support document can help me?
From India, Delhi
an employee got 3000/- (basic pay) for 12 months i.e. from 01.04.2011 to 31.03.2012. He was promoted then w.e.from 01.04.2011 and his Basic pay was fixed @3300/- p.m. Arrears of basic was paid in next financial year i.e.2012-2013. No please clear that the bonus calculation will be done on this arrear of basic or not?
It is clear to me that it should be paid. Any support document can help me?
From India, Delhi
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The Payment Of Bonus Act 1965-Update-02- 01.01.16-Wage - 21K- Min Bons 7K-01.04.14.pdf