Dear All,
Kindly provide the details about the bonus:
1. Which establishments are covered under the bonus act?
2. Is the bonus compulsory for all employees?
3. What is the ceiling of the bonus?
4. What is the deadline for submitting returns?
5. How are older establishments covered under the bonus act?
6. Can the bonus be distributed twice in a year?
7. What are the minimum and maximum bonus amounts?
Regards,
Pulkit
From India, New Delhi
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1Kindly provide the details about the bonus:
1. Which establishments are covered under the bonus act?
2. Is the bonus compulsory for all employees?
3. What is the ceiling of the bonus?
4. What is the deadline for submitting returns?
5. How are older establishments covered under the bonus act?
6. Can the bonus be distributed twice in a year?
7. What are the minimum and maximum bonus amounts?
Regards,
Pulkit
From India, New Delhi
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Bonus Calculation
If Basic + DA (FDA + VDA) is greater than or equal to 3500, then 20 percent on 3500, and if Basic + DA is less than 3500, then 20 percent on the actual. For example, if Basic + DA is 4500, then the bonus will be 3500 * 20% per month, and if Basic + DA is 2500, then the bonus will be 2500 * 20%.
Regards, Sukhada
From India, Pune
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If Basic + DA (FDA + VDA) is greater than or equal to 3500, then 20 percent on 3500, and if Basic + DA is less than 3500, then 20 percent on the actual. For example, if Basic + DA is 4500, then the bonus will be 3500 * 20% per month, and if Basic + DA is 2500, then the bonus will be 2500 * 20%.
Regards, Sukhada
From India, Pune
Acknowledge(0)Amend(0)
Dear All, If an employee availing Basic 9000/ then how much bonus paid to that employee if company given minimum bonus 8.33% Kindly solved my queary. Regards Pulkit
From India, New Delhi
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From India, New Delhi
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