Hi, Enclosed is the Amendment for Payment of Bonus Act (2010) This can be of some help to members of Cite-HR. Regards, SanjogK Shared Service Center - HR
From India, Mumbai
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3From India, Mumbai
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thanks SanjogK..... if any is taking salary say 20000 pm take home then, would he be eligible for bonus... how would be the calculation? please guide.... thanks ajay
From India, Ahmadabad
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From India, Ahmadabad
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Dear All Members,
Please help me out by providing your advice regarding:
1. What does Ceiling Bonus mean and what amount should I consider for calculation?
2. What is meant by set on and set off?
3. Do employees who joined on 16 March 09 and left on 15 April 10 have the right to claim a bonus?
Thanks and regards,
Devidas
From India, Pune
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Please help me out by providing your advice regarding:
1. What does Ceiling Bonus mean and what amount should I consider for calculation?
2. What is meant by set on and set off?
3. Do employees who joined on 16 March 09 and left on 15 April 10 have the right to claim a bonus?
Thanks and regards,
Devidas
From India, Pune
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Dear Devidas,
Ceiling Bonus means if the salary is Rs. 10,000/-, then the bonus amount to be paid is Rs. 3500/-, which is 8.33% of the maximum level to Rs. 3500/-.
Set ON and Set Off are found after calculating from Form A and B.
Yes, the employee has the right to claim the bonus.
Regards,
Arihant
From India, Surat
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Ceiling Bonus means if the salary is Rs. 10,000/-, then the bonus amount to be paid is Rs. 3500/-, which is 8.33% of the maximum level to Rs. 3500/-.
Set ON and Set Off are found after calculating from Form A and B.
Yes, the employee has the right to claim the bonus.
Regards,
Arihant
From India, Surat
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Dear Sanjok ji, The attachment pdf is only a bill put up before parliment please see it on the top of the title. Please attach if you have any Gazett Notification. URGENT. Regards, PBS KUMAR
From India, Kakinada
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From India, Kakinada
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Dear All,
CLARIFICATION
The attached document is a bill and not an act. The current status of the bill, whether it will be presented before Parliament or not, is unknown. Therefore, there is no need to take action on the bill until it becomes an act.
Regards,
Shyam Pandirkar
From India, Mumbai
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CLARIFICATION
The attached document is a bill and not an act. The current status of the bill, whether it will be presented before Parliament or not, is unknown. Therefore, there is no need to take action on the bill until it becomes an act.
Regards,
Shyam Pandirkar
From India, Mumbai
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dear sir, Employees joined on 11 jan 2010 and transfer to other department same company on 23 sep 10, have they rights to claim bonus..?
From India, Kota
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From India, Kota
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Dear Friends,
The post regarding the amendment proposal in the Bonus Act has created confusion among HR professionals. The attachment, as rightly said by one friend in his comments, is only a bill. It has to travel a long way before becoming an act and enforced legislation. People need not act on it. As of the current date, there have been no amendments in the act enforced so far.
Regards,
Anil Kaushik
Chief Editor, Business Manager - HR Magazine
B-138, Ambedkar Nagar, Alwar-301001
Mob: 09829133699
Email: bmalwar@yahoo.com
From India, Delhi
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The post regarding the amendment proposal in the Bonus Act has created confusion among HR professionals. The attachment, as rightly said by one friend in his comments, is only a bill. It has to travel a long way before becoming an act and enforced legislation. People need not act on it. As of the current date, there have been no amendments in the act enforced so far.
Regards,
Anil Kaushik
Chief Editor, Business Manager - HR Magazine
B-138, Ambedkar Nagar, Alwar-301001
Mob: 09829133699
Email: bmalwar@yahoo.com
From India, Delhi
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Dear Member,
Why not? If the employee is working with the same employer, then even if he is transferred to any other department of the same unit, his right to claim a bonus is not going to be affected.
Regards,
R.N.Khola
From India, Delhi
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Why not? If the employee is working with the same employer, then even if he is transferred to any other department of the same unit, his right to claim a bonus is not going to be affected.
Regards,
R.N.Khola
From India, Delhi
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Dear All,
Please tell me how to classify workers as skilled or semi-skilled. Ours is an engineering unit, and mostly lathe workers. We classified them as semi-skilled, but workers say that we are in the skilled category. Please send us some definitions as per labor law. By my definition, skilled workers should have some degree or matrix passed at least. Please help me.
From India, New Delhi
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Please tell me how to classify workers as skilled or semi-skilled. Ours is an engineering unit, and mostly lathe workers. We classified them as semi-skilled, but workers say that we are in the skilled category. Please send us some definitions as per labor law. By my definition, skilled workers should have some degree or matrix passed at least. Please help me.
From India, New Delhi
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