Dear All Tell me how to claculate the bonus & important instruction with formats Thanks
From India, New Delhi
From India, New Delhi
minimum bonus shall be 8.33% of the salary or wage earned by the employee during the accounting year or 100 rs whichever is higher.
salary or wage for the purpose of bonus means basic wage and dearness allowance only.
emploee drawing wages up to Rs. 3500/-is covered under the act yet the bonus payable to him shall be calculated on maximum Rs.2500/- only.
From India, Shimla
salary or wage for the purpose of bonus means basic wage and dearness allowance only.
emploee drawing wages up to Rs. 3500/-is covered under the act yet the bonus payable to him shall be calculated on maximum Rs.2500/- only.
From India, Shimla
Salary and Basic total upt Rs.10,000/- are covered for the payment of Bonus after completion of 30 working days. Calculate total basic salary*months of service during last yr/8.33%=bonus. Max.Rs.3500/-
From India, Ahmadabad
73From India, Ahmadabad
I guess the basic should not be greater than Rs 10000/- p.m and maximum bonus payable is Rs 3500/-. Am I rught?
Again what will be the criteria of calculation of bonus- on the basic of Rs 10000/- or on Rs 2500/_?
From India, Calcutta
Again what will be the criteria of calculation of bonus- on the basic of Rs 10000/- or on Rs 2500/_?
From India, Calcutta
dear
bonus limit is rs 10,ooo/-per month means an emplyee getting basic and DA upto 10000 per month are eligible to get bonus.
now base is 3500 means you have to calculat figure of bonus by thinking that he is getting only 3500 only.
bonus is decided on the basis of set on/off and minimum is 8.33 and max is 20 %
tks
j s malik
From India, Delhi
bonus limit is rs 10,ooo/-per month means an emplyee getting basic and DA upto 10000 per month are eligible to get bonus.
now base is 3500 means you have to calculat figure of bonus by thinking that he is getting only 3500 only.
bonus is decided on the basis of set on/off and minimum is 8.33 and max is 20 %
tks
j s malik
From India, Delhi
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc