Dear All, I wish to know the Bonus eligibiltiy norms and minimum working days form the DOJ for bonus calculation. With Regards R Saravanan
From India, Madras
From India, Madras
517
i have joined a Limited company on 17th july 2010,my designation is personnel officer,now company providing bonous every employee,am i eligible for bonous or not?
From India, Vapi
From India, Vapi
here is one question: if any employee worked for 60 days in a year, will he get bonus for 60 days earning or for whole year....
From India, Gurgaon
From India, Gurgaon
Dear Friend,
Employees drawing remuneration of Rs.10,000/- or more and those who have worked for less than 30 days are not eligible to receive bonus under the act.(salary limit of rs. 3500/- enhanced o rs.10,000/- w.e.f 01.04.2006).
Bonus to be paid within eight month from the expiry of the accounting year.
Regards,
Shyam Pandirkar
From India, Mumbai
Employees drawing remuneration of Rs.10,000/- or more and those who have worked for less than 30 days are not eligible to receive bonus under the act.(salary limit of rs. 3500/- enhanced o rs.10,000/- w.e.f 01.04.2006).
Bonus to be paid within eight month from the expiry of the accounting year.
Regards,
Shyam Pandirkar
From India, Mumbai
Thanks but if someone joined on july 1st and now completed 2 months only and as this year we are going to give bonus , is he is illigible for bunus if yes, wht will be value if his basic+da is 9000/-
thanks again
From India, Gurgaon
thanks again
From India, Gurgaon
Dear Fastanurag & Ravi,
Even though for Bonus coverage salary upto Rs. 10,000 willbe considered, the salary for bonus calculation is only upto Rs. 3500. If your company is paying minimum bonus & you have two months full attendance, your bonus will be 3500x2/12 = 583.33.
But the present bonus payment will be for the financial year 2009-10. If your service is in July & August 2010, there is a maximum time span of 8 months to finalise bonus after completion of the financial year on March 2011. Accordingly the last day for bonus payment will be 30.11.2011.
Abbas.P.S
From India, Bangalore
Even though for Bonus coverage salary upto Rs. 10,000 willbe considered, the salary for bonus calculation is only upto Rs. 3500. If your company is paying minimum bonus & you have two months full attendance, your bonus will be 3500x2/12 = 583.33.
But the present bonus payment will be for the financial year 2009-10. If your service is in July & August 2010, there is a maximum time span of 8 months to finalise bonus after completion of the financial year on March 2011. Accordingly the last day for bonus payment will be 30.11.2011.
Abbas.P.S
From India, Bangalore
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