Dear All,
I am working in a chemical industry in Ahmedabad, and I have a question regarding the eligibility of a bonus. Our consultant mentioned that a bonus is eligible for individuals whose gross salary is less than 10000/- per month. According to the direction of the Gujarat High Court judgment, all allowances are included for bonus eligibility.
So, is this information correct or incorrect? I believe a bonus should be payable to those whose basic salary is less than 10000/-.
If you have any attachments that can clarify this issue, please send them to me urgently.
Please guide me on this matter. I need your urgent help.
Regards,
Varun Thaker
Sr. Executive (HR)
thakervarun85@gmail.com
From India, Ahmadabad
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1I am working in a chemical industry in Ahmedabad, and I have a question regarding the eligibility of a bonus. Our consultant mentioned that a bonus is eligible for individuals whose gross salary is less than 10000/- per month. According to the direction of the Gujarat High Court judgment, all allowances are included for bonus eligibility.
So, is this information correct or incorrect? I believe a bonus should be payable to those whose basic salary is less than 10000/-.
If you have any attachments that can clarify this issue, please send them to me urgently.
Please guide me on this matter. I need your urgent help.
Regards,
Varun Thaker
Sr. Executive (HR)
thakervarun85@gmail.com
From India, Ahmadabad
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Yes. But as per the Payment of Bonus Act, the maximum salary to be considered is Rs. 3500/- (This is also likely to be revised). The minimum bonus is 8.33%, and the maximum is 20%.
In order for an employee to be eligible for a bonus, they should have worked for at least 30 days in the preceding 12 months.
I hope this clarifies your query.
Thanks,
R K Nair
From India, Aizawl
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In order for an employee to be eligible for a bonus, they should have worked for at least 30 days in the preceding 12 months.
I hope this clarifies your query.
Thanks,
R K Nair
From India, Aizawl
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Dear Mr. Nair,
My question is not about the minimum bonus and maximum bonus. My query is: is the bonus applicable on the Basic of Rs. 10,000/- or on the Gross of Rs. 10,000/-?
For example: If an employee is receiving a Basic salary of Rs. 5000/- and an Allowance of Rs. 5500, making his Gross Salary Rs. 10,500/- per month, will he be eligible for the bonus?
Regards,
Varun Thaker
Sr. Executive (HR)
Email: thakervarun85@gmail.com
From India, Ahmadabad
Acknowledge(0)Amend(0)
My question is not about the minimum bonus and maximum bonus. My query is: is the bonus applicable on the Basic of Rs. 10,000/- or on the Gross of Rs. 10,000/-?
For example: If an employee is receiving a Basic salary of Rs. 5000/- and an Allowance of Rs. 5500, making his Gross Salary Rs. 10,500/- per month, will he be eligible for the bonus?
Regards,
Varun Thaker
Sr. Executive (HR)
Email: thakervarun85@gmail.com
From India, Ahmadabad
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