"In accordance with the company's bonus policy, if a worker's basic salary plus Dearness Allowance (DA) amounts to less than 21,000 rupees, but when including House Rent Allowance (HRA) and other allowances, the total exceeds 21,000 rupees, is the worker eligible for a bonus? If so, what percentage of bonus payment does the company intend to allocate to such eligible workers?"
From India, New Delhi
From India, New Delhi
Hi, Bonus is an entitlement under prescribed conditions under the Payment of Bonus Act 1965. Calculation of bonus payable is also arrived at under the formula and restricted guidelines under the Payment of Bonus Act . Companies are liable to make disbursement according to given formula only . Minimum bonus is 8.33% and max. 20% of bonus fund thus arrived under calculation in the particular financial year.
Regds,
RDS Yadav
Director,
Future Instt of Engg and Management Technology, Bareilly
and
Labour Laws Adviser
NAVTARANG HR SERVICES
WA-09634532026
From India, New Delhi
4Regds,
RDS Yadav
Director,
Future Instt of Engg and Management Technology, Bareilly
and
Labour Laws Adviser
NAVTARANG HR SERVICES
WA-09634532026
From India, New Delhi
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