Hi,
Employee Salary is Rs.4500/- per month (Basis & DA) and worked for 12 months from Apr 09 to Mar 10. As per the Act please clarify the following:
1. Bonus is applicable or not?
2. What is minimum bonus to be paid (8.33%)?
3. What is the maximum bonus to be paid (20%)?
Regards,
Haneef
From India, Bangalore
Employee Salary is Rs.4500/- per month (Basis & DA) and worked for 12 months from Apr 09 to Mar 10. As per the Act please clarify the following:
1. Bonus is applicable or not?
2. What is minimum bonus to be paid (8.33%)?
3. What is the maximum bonus to be paid (20%)?
Regards,
Haneef
From India, Bangalore
Bonus applicable for 30 days working in a year.
Minimum Limit : Rs. 3500/-
Maximum Limit : Rs. 8400/-
Minimum Limit for Bonus 8.33 % on Basic + DA (Special Allowance)
Maximum Limit for Bonus 20%
or more Management wish.
Thanks
From India, Mumbai
Minimum Limit : Rs. 3500/-
Maximum Limit : Rs. 8400/-
Minimum Limit for Bonus 8.33 % on Basic + DA (Special Allowance)
Maximum Limit for Bonus 20%
or more Management wish.
Thanks
From India, Mumbai
Dear Sir,
Say the Date of Joining of the Workman is 13th December 2009 and resigned on 10th May 2010. He has worked 84 days from December 09 to March 10. and 12 days from April 10 to May 10.
Is he eligible fro bonus for April 10 to May 10 ?
Please advise me.
Thanks/Regards
Asish
From India, Calcutta
Say the Date of Joining of the Workman is 13th December 2009 and resigned on 10th May 2010. He has worked 84 days from December 09 to March 10. and 12 days from April 10 to May 10.
Is he eligible fro bonus for April 10 to May 10 ?
Please advise me.
Thanks/Regards
Asish
From India, Calcutta
As per Payment of Bonus Act, He is entitle for Bonus.2. minimum Minimum Bonus Is 8.33%Maximum Bonus is 20% REGARDS
From India, Jodhpur
From India, Jodhpur
Hi ! We are engaging 15 contract labour,Contract has not taken saperate PF code number. Who is responsible to deposit PF contribution? Regards V K Sharma
From India, Jodhpur
From India, Jodhpur
Shri Sharmaji,
Where the contractor has not got an independent PF code, then the whole responibility of PF compliance is on you for the contract labourers working in your premises. There is no escape from it.
Regards
KK
From India, Bhopal
199Where the contractor has not got an independent PF code, then the whole responibility of PF compliance is on you for the contract labourers working in your premises. There is no escape from it.
Regards
KK
From India, Bhopal
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf