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Statutory bonus calculation
Hello please help in calculation of statutory bonus in the following case salary shown is basicda: srno month basicda days present 1 apr 8000 26 2 may 5925 20 3 june 6792 22 4 july 4615 15 what will be the bonus calculation at 8.33. thanks in advance
Statutory bonus for employees whose basic sal <10k
Hi is variable component in the ctc is related to the statutory bonus? as my variable pay 15k but i didn t get it as i told tht u have been paid statutory bonus.
Statutory bonus - salary restructuring added a new component of advance statutory bonus and gave me the same amount
Till 2021 i was getting a salary of x amount and an additional bonus in diwali y amount. after april 2021 salary restructuring was done by the company. they just added a new component of advance statutory bonus and gave me only x amount. i am sure they are violating the bonus act. plz suggest
Statutory bonus & gross salary & esic applicability on same
Dear seniors if a company pays statutory bonus of rs 292/ on monthly basis to all contract employees skilled level than would that statutory bonus get added in gross salary and subsequently attract esic 4.75 on same. or will it not be added to gross. how it will be reflected in salary slip if it is paid monthly by principle employer 2nd query if statutory bonus is paid yearly than when it has to be paid and how does it will reflect in salary slip in terms of gross & esic with regards virag shah 09727717230
Statutory bonus!!
Hi can we pay statutory bonus on monthly basis 8.33 of basic da subject to limit of rs. 3500/ pa. and whether esic is applicable on the statutory bonus if paid on monthly basis. regards sunil kumar
Do the payment of statutory bonus and earned leave benefit on monthly basis as advance liable for esi & pf contribution?
Contract labor in some organizations are paid statutory bonus and leave with wages on monthly basis instead of annual basis. this is basically to meet the statutory compliance as most of the contract labor may work for less than a year and it is difficult to find them when actually the payment is due. it is satisfying the regulatory auditors etc. however recently some one raised an objection for this and demanded for esi & pf contribution on these payments as being paid on monthly basis. is it correct?