30-10-2008, 06:37 PM
|  | | | Join Date: Nov 2006 Location: chennai
Posts: 7
| |
Can any one provide the amendment copy of bonus? |
31-10-2008, 10:08 AM
| | | | Join Date: Mar 2007 Location: mumbai
Posts: 3
| |  Bonus - Amendment
You could do a couple of things.
First and foremost, change the nomenclature of the Ex-Gratia payment to 'Bonus' and ensure that the same is reflected on the payslip.
Secondly, you could try and communicate to all employees vide a general circular (ideal during annual increment time), and inform tham the the ex-gratia amount being paid to them was in fact bonus as the intention of the management was to pay bonus but since they were not eligible for the same, it was being paid under a different head and also much higher than the stautory requirement. What needs to be effectively communicated is that the CTC of the individual is not adversely affected in any way.
Hope this helps .....
Innovation |
31-10-2008, 10:14 AM
| | | | Join Date: Feb 2008 Location: Cochin
Posts: 77
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Dear Guntha
here it is, a scanned copy
regards
Joseph
|
31-10-2008, 10:50 AM
| | | | Join Date: Nov 2007 Location: mumbai
Posts: 27
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 Dear All,
Pls brief me on Bonus Calculation.. as don't hv very clear knowledge of calculation of bonus.. Pls tel me what the minimum amount to be taken for this calculation and maximum to be exempted...Kindly reply on my id  ..
Thnx & regds,
khursheed |
31-10-2008, 11:18 AM
| | | | Join Date: Jul 2006 Location: Jamnagar, Gujarat
Posts: 98
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Hi Ritu,
Bonus Act is a separate thing and the employee whose basic+da is less than or equal to 10,000 should get the bonus restricted to 3500 pa. The exgratia which you are talking about is part of their ctc and which you promised to pay to them. So you have to pay both the amount to all the eligible employees. We have also done the same in our organisation.
Regards,
Sree |
31-10-2008, 11:26 AM
| | | | Join Date: Mar 2008 Location: Panchkula,
Posts: 101
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Dear,
This return under bonus Act, will be going with Annual Return, under factories act, 1948.
not in 30 days after disbursement bonus. Form D, under bonus act will be making with Annual Return, under FA-1948,
__________________ Manoj Kumar   |
31-10-2008, 12:59 PM
|  | | | Join Date: Aug 2007 Location: Mumbai
Posts: 22
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Dear Sir,
Please let me know abt the recent amendment in Bonus Act. We also pay Bonus as a part of CTC. Please clarify abt the new amendment.
Thanks and regards,
Chini.
Mumbai |
02-11-2008, 12:55 PM
| | | | Join Date: Jun 2008
Posts: 5
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dear all
i thank u very much for clarifying the issue
thanks again
Ritu |
02-11-2008, 10:01 PM
| | | | Join Date: Apr 2008 Location: Delhi
Posts: 5
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Ritu,
i fully agree with TK as that the bonus and exgratia are two different things. the bonus act says no bar to pay an employee the agreed sum as part of his remuneration. thier no concept of CTC under any law.
Rajeev |
03-11-2008, 11:06 PM
| | | | Join Date: Apr 2008
Posts: 2
| |
Quote:
Originally Posted by msrituagarwal  dear All
i have a very urgent question related to amendment in bonus act....Due to this amendment, those employees whose Basic is less than or equal to Rs 10,000 will now get Bonus.......Here lies a problem..........some of the employees in my company were getting Ex gratia previously ( which was a part of their CTC, and the % of Exgratia was much higher than Bonus obviously), but now due to the amendment, the company has paid them Bonus ...........so they have suffered a financial loss !!.........pls let me know whether the Company should compensate them since the employees are loosing out their money ( as it was a part of their CTC ) ...........what the other companies have done .......have they compensated the employees or not? kindly advise.
Thanks
Ritu Agarwal | After amend the bonus ceiling you have to pay or not above the higher limit of bonus.
in case bonus is the part of CTC you can't extraction the bonus as per earlier practice because CTC negotiate with employees. |
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