Bonus Form C query

vijayvashisth · 27-10-2009, 08:47 AM

Dear Priyanka,

It would be 313 days (as per your calculation) but figure shows that you have deducted 52 weeks only, you should deduct national holidays also. (Figure shows that you have deducted off days only but you have to deduct the National Holidays & Festival also as per the list of holidays of your company).

Apart from this, for exempted employees you shouldn't make the entry in Form-C (Bonus Register), you should show as "Ex-Gratia" from HR Point of view as well as compliance point of view.

For your reference, an example is as follows:

No. of days in a year: 365
No. of off-days (Sunday): 52
List of Holidays & Festival: 10
Total worked days: 303

For entry point of view:

"A" Salary (Basic+D.A.) is Rs. 10,000= Eligible (Entry should be in Form-C)
"B" Salary (Basic+D.A.) is Rs. >10,001= Exempted (Seperate List as Ex-Gratia")

If still need any clarification then can contact as below:

From-
VIJAY VASHISTH
Manager HR

+91 9717989830
NOTHING IS IMPOSSIBLE IN LIFE EVEN WORD SAYS I M POSSIBLE.

Quote:

Originally Posted by Priyankasahu

Dear Friends,

I was calculating the bonus as asked by my senior in form C of bomus act.

Can anyone please help me out with the information that the bonus viz. calculated for managers and supervisors the no. of days worked in a year shall be written as 313 i.e. if all days are taken or as 365 for managers as their number of days worked in a year.

313 was taken for workers who are paid on daily basis. But what about the managers who are paid sundays also.

Please help me out as to what figure has to be written in the no. of days worked in a year.

Regards,
Priyanka Sahu

Priyankasahu · 27-10-2009, 11:38 AM

i have arrived on 313 after deduction the 52 weekly offs in the year.

my senior still says to write 313 on the form c even if they pay for 365 days tht means weekly off too. He is of the opinion tht the no. of working days in the year is 365 of the company as it is a dairy company but the physical presence of the employee is only 313 i.e. excluding weekly offs.

I am very confused for the same.

Priyankasahu · 27-10-2009, 11:44 AM

Dear Vijay sir,

Workers get the national declared holidays i.e. 6 /yr as paid holidays. So we do not include it. Bonus was given to workers and it was successful.

But the question is for employees. They get paid for whole 365 days i.e. they get paid for weekly off also i.e their sundays. Then y on the sheet we shoukd write only 313.

Moreover they the 06 days declared as paid holidays should be deductes too.

Am I going wrong in this ?

adsss · 27-10-2009, 12:04 PM

Dear Priyankasahu,

Please check last year data.
Speak to your supervisor on the same.

If you are still confuse follow as told earlier.

Sarfaraz

Ajay Shukla · 27-10-2009, 03:54 PM

Dear Ambrish,

You are eligible for Bonus under the act.

Quote:

Originally Posted by amrish_vishnu

Dear kapil ji,

As per as rule and my knowledge if an employee has complicated his 30 days continuing working than he will be eligible for the bonus but what the persent, so please guide me.

i joined my company march 2007 but i haven't received the bonus and my boss told me those employee are not eligible bonus who has not completed his one year service.

I am waiting ur warm regards.

Thanks & Regards

Amrish Singh Raghuwanshi
Mob. 9827071872
Email-

varsha101 · 27-10-2009, 04:04 PM

HI MR.CHANDRA SHEKHAR,

I NEED TO KNOW YOUR EMAIL ID. IF YOU DONT MIND CAN YOU MAIL ME ON MY ID I.E

.
I WANT TO LEARN MANY THINGS IN COMPLIANCES. PLS HELP ME.

Regards
Varsha
9673910669

kumar_ranjeet · 27-10-2009, 06:14 PM

Dear Priyanka Sahu

In form C Days means Present Days not paid days.
In your case working days should be considered as 313 not 365 days.

Regards,

Thanks & Regards
Ranjeet

vinodbidwaik · 27-10-2009, 10:02 PM

Yes. Managers are paid monthly, however if workmen are paid on daily basis, there days will be 26-25 days in a month. Managers calculation will be on 365.

SSJRAJ · 27-10-2009, 10:25 PM

Weekly off are paid holidays which need to be considered as Working Days for calculation of bonus, as per the act. However, there are companies following the methodology which you have been asked to adopt which is not a fair labour practice.

Sahayaraj
Sr. HR Executive (IR)

sripathyp · 28-10-2009, 10:29 AM

Dear Priyanka,

I hope you have arrived 313 working days from - monthly No. of working days = 26 * 12 months = 312 days & not 313 days. if they have completed 1 year of service from start of financial year i.e. Apr 1 till 30 May.. Take their Basic salary paid for the period multiplied by the bonus pecentage agreed to pay i.e. varying from 8.33% till 20% Eligibility for Bonus is basic pay less than 10,000 INR monthly & max ceiling would be Rs.3500

Regards,
Sripathy.P

Quote:

Originally Posted by Priyankasahu

Dear Friends,

I was calculating the bonus as asked by my senior in form C of bomus act.

Can anyone please help me out with the information that the bonus viz. calculated for managers and supervisors the no. of days worked in a year shall be written as 313 i.e. if all days are taken or as 365 for managers as their number of days worked in a year.

313 was taken for workers who are paid on daily basis. But what about the managers who are paid sundays also.

Please help me out as to what figure has to be written in the no. of days worked in a year.

Regards,
Priyanka Sahu