Dear All,
Please, can anyone let me know how to calculate the bonus for F.Y. 2017-18? Are there any changes in the Minimum Bonus Act?
In my company, we are giving 1 month's salary, i.e., 8.33%, as a bonus to all employees. Is this correct or not?
Regards,
Mittal Jain
From India, Jaipur
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Please, can anyone let me know how to calculate the bonus for F.Y. 2017-18? Are there any changes in the Minimum Bonus Act?
In my company, we are giving 1 month's salary, i.e., 8.33%, as a bonus to all employees. Is this correct or not?
Regards,
Mittal Jain
From India, Jaipur
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You will be able to calculate the bonus only after the finalization of the books of accounts and once you have earned a profit. Hence, you will be able to calculate the bonus in or after April 2018. The total bonus amount will be determined by using Register A and B as specified in the act. Subject to the provisions of the law, the minimum quantum of the bonus is 8.33%; there is no minimum bonus specified in the act.
From India, Mumbai
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274From India, Mumbai
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To continue.... The bonus will have to be paid within 8 months of close of books of accounts, by December 2018
From India, Mumbai
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From India, Mumbai
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Dear Mittal, As per bonus act you need to pay minimum 8.33% or minimum wages applicable to your state whichever is higher.
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Minimum % of Bonus: 8.33%
Maximum % of Bonus: 20%
Salary Definition: Minimum wages applicable to the employee or Rs. 7,000, whichever is higher.
Financial Year 2017-18 (April to March)
Payable on or before 30th November 2018.
From India, New Delhi
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Maximum % of Bonus: 20%
Salary Definition: Minimum wages applicable to the employee or Rs. 7,000, whichever is higher.
Financial Year 2017-18 (April to March)
Payable on or before 30th November 2018.
From India, New Delhi
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minimum wages or salary to the employees which part of salary we take , basic or gross
From India, Pilkhuwa
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From India, Pilkhuwa
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Hi,
I am attaching a link that will guide you on your issues related to bonuses. https://www.stacowiki.in/en/acts/st-...bonus-act1965/ Hope this helps!
From India, Bengaluru
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I am attaching a link that will guide you on your issues related to bonuses. https://www.stacowiki.in/en/acts/st-...bonus-act1965/ Hope this helps!
From India, Bengaluru
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Hi, Does employees of Sugar industry come under scheduled employment in any state? Kindly clarify.
From India, Patna
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From India, Patna
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Dear Sir/Madam,
I received my bonus of Rs. 8080/- for the financial year 2017-18 from my company. From April 17 to May 17, my basic salary was Rs. 7775/- and conveyance was Rs. 1600/-. After that, from June 17 to March 18, my basic salary was Rs. 9275/- and conveyance remained at Rs. 1600/-.
Could anyone guide me on how the company calculates the bonus?
From India, Varanasi
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I received my bonus of Rs. 8080/- for the financial year 2017-18 from my company. From April 17 to May 17, my basic salary was Rs. 7775/- and conveyance was Rs. 1600/-. After that, from June 17 to March 18, my basic salary was Rs. 9275/- and conveyance remained at Rs. 1600/-.
Could anyone guide me on how the company calculates the bonus?
From India, Varanasi
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