Hi, i want to know if some empoyees left their service before completion of the financial year & they have taken thier bonus @ 8.33% but after the completion of the financial year the company have distributed thye bonus @20% . Should the employer mentione the left employeeson the form c (bonus register) for the rest bonus (20%-8.33%) or ignore them ?
Can employees claim for the rest bonus amount ?
What is act in this regards?
Please reply as soon as possible.
From India, Kanpur
Can employees claim for the rest bonus amount ?
What is act in this regards?
Please reply as soon as possible.
From India, Kanpur
173
Dear friends , please tell me
what is minimum & maximum statutary rate of bonus payment(right now-in 2011). I have heard that it has changed to 11% & maximum salary/wages changed to 5000/- per mensem in lieu of 3500/- per mensem.
I want authenticated information.
Kindly , tell me.
From India, Kanpur
what is minimum & maximum statutary rate of bonus payment(right now-in 2011). I have heard that it has changed to 11% & maximum salary/wages changed to 5000/- per mensem in lieu of 3500/- per mensem.
I want authenticated information.
Kindly , tell me.
From India, Kanpur
Minimum - 8.33%
Maximum - 20% (but employer can pay more, there is no restriction if an employer wants to give btter benefits to its employees.
The Payment of Bonus Act amendent bill to increase the statutory minimum % (8.33% to 11%) of bonus and wages ceiling to 5000/- is yet not passed by the Parliament.
-regards
Kamal Prasoon Sinha
From India, Pune
Maximum - 20% (but employer can pay more, there is no restriction if an employer wants to give btter benefits to its employees.
The Payment of Bonus Act amendent bill to increase the statutory minimum % (8.33% to 11%) of bonus and wages ceiling to 5000/- is yet not passed by the Parliament.
-regards
Kamal Prasoon Sinha
From India, Pune
GOOD EVENING EVERYBODY , IT'S NICE TO BE PART OF SUCH A HUGE NETWORK OF H.R. AND ADMINISTRATIVE MENTORS.
I WANT TO KNOW IF AN EMPLOYEE'S SALARY IS 8500 PER MONTH & HIS ANNUAL(FROM 1-APR TO 31-MAR ) EARNING IS MORE THAN RS. 95000 & WE DISTRIBUTE THE BONUS @20% ON FORM C (BONUS REGISTER) .THEN HOW MUCH SHOULD WE GIVE HIM BONUS ALTHOUGH THE MAXIMUM BONUS AMOUNT IS RS. 8400/- AS PER THE PAYMENT OF BONUS ACT.
IF WE GIVE AN EMPLOYEE MORE THAN 8400/- (e.i. 15000/-) , IS THIS NON COMPLIANCE OF BONUS ACT ? CAN WE GIVE ?
PLEASE ,REPLY AS SOON AS POSSIBLE .
THANKS AND BEST REGARDS.
From India, Kanpur
I WANT TO KNOW IF AN EMPLOYEE'S SALARY IS 8500 PER MONTH & HIS ANNUAL(FROM 1-APR TO 31-MAR ) EARNING IS MORE THAN RS. 95000 & WE DISTRIBUTE THE BONUS @20% ON FORM C (BONUS REGISTER) .THEN HOW MUCH SHOULD WE GIVE HIM BONUS ALTHOUGH THE MAXIMUM BONUS AMOUNT IS RS. 8400/- AS PER THE PAYMENT OF BONUS ACT.
IF WE GIVE AN EMPLOYEE MORE THAN 8400/- (e.i. 15000/-) , IS THIS NON COMPLIANCE OF BONUS ACT ? CAN WE GIVE ?
PLEASE ,REPLY AS SOON AS POSSIBLE .
THANKS AND BEST REGARDS.
From India, Kanpur
Hello, everey body
i want to know if an employee works 4 hrs. As overtime then in what manner the calculation should be done ?
Whether the overtime hours should be doubled or rate should be doubled of its actual.
Please reply as soon as possible.
Thanks & best regards
From India, Kanpur
i want to know if an employee works 4 hrs. As overtime then in what manner the calculation should be done ?
Whether the overtime hours should be doubled or rate should be doubled of its actual.
Please reply as soon as possible.
Thanks & best regards
From India, Kanpur
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