Dear Friend, I need help regard bonus. The eligibility, calculation, minimum bonus, Limits (if any) of bonus.
From India, New Delhi
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From India, New Delhi
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Dear all,
All related issues are there in the Payment of Bonus Act, 1965 if you have put this query under this Act itself.
With Regards,
R.N.Khola
From India, Delhi
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422All related issues are there in the Payment of Bonus Act, 1965 if you have put this query under this Act itself.
With Regards,
R.N.Khola
From India, Delhi
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Dear if any employee who will work in any company min. 30 days will be elligible for it. secondly min. limit is 8.33% of basic and max. 20% of basic. thanks payush
From India, Shimla
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From India, Shimla
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Dear Member,
Those who have completed one month are eligible for a bonus as per the bonus act. The minimum bonus should be 8.33% of the basic salary, with a maximum of 20% of the basic salary.
If you need any further clarification, please let me know via email at niravg629@gmail.com.
From India, Vadodara
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Those who have completed one month are eligible for a bonus as per the bonus act. The minimum bonus should be 8.33% of the basic salary, with a maximum of 20% of the basic salary.
If you need any further clarification, please let me know via email at niravg629@gmail.com.
From India, Vadodara
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hi all, How to calculate bonus for a person who worked for 30 days. whether (basic*8.33%)/12*1 (one month) or will he eligible for total amount of bonus i.e., basic*8.33% Regards, Vishwanath
From India, Hyderabad
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From India, Hyderabad
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Here is how to calculate the bonus: it is paid as basic + DA for the financial year multiplied by 8.33% if the monthly basic + DA is more than 3500/-. For the purpose of calculating the bonus, the basic and DA should be considered as 3500/-. The calculation can be done as follows:
3500/365 * number of present days
From India, Pune
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3500/365 * number of present days
From India, Pune
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As per the Act, the minimum bonus is 8.33%, and the maximum is 20%. However, the salary for the calculation of the bonus is Rs 3500/- (the eligible limit is up to Rs 10,000 (i.e., even though your salary is 6500, the salary considered for the bonus calculation is Rs 3500 only)). Therefore, the minimum bonus one gets under the PBA Act is 3500*8.33%*12 = 3499, whereas the maximum bonus is 3500*20%*12 = 8400, as rightly mentioned by your accounts.
Regards,
Ravi
From United States
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Regards,
Ravi
From United States
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one epmloyee got salary more than 10000 rupees in one month in year. he is entitle bonus or not plz kindly give answer to this clerly
From India, Mumbai
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From India, Mumbai
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Dear,
The bonus for that particular month shall not be payable in that accounting year.
With Regards,
R.N.Khola
[QUOTE=satyahr@yahoo.com;1092994]
One employee got a salary of more than 10,000 rupees in one month in a year. Is he entitled to a bonus or not? Please kindly provide a clear answer to this.
From India, Delhi
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The bonus for that particular month shall not be payable in that accounting year.
With Regards,
R.N.Khola
[QUOTE=satyahr@yahoo.com;1092994]
One employee got a salary of more than 10,000 rupees in one month in a year. Is he entitled to a bonus or not? Please kindly provide a clear answer to this.
From India, Delhi
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc