Bonus Form C query

Neer300182 · 28-10-2009, 02:27 PM

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-

Dear Amrish,

As per act eligiblity criteria is 30 days working in a organization.
But firstly you tell me your salary Breakup so that i can help you accordingly as bonus is given & calculated on a limit prescribed in Act.

And one more thing what do you mean by Bonus Here :

1. Normal Bonus
2. Performance Bonus
3. Ex Gratia

Pls be specific.

If it is Performance Bonus then it will be calculated on Annual basis.

gmrao · 29-10-2009, 11:55 PM

1. For bonus eligibility: 30 man working days in a financial year is must. If below 30 working days he is not entitle for bonus.

2. Calculation of Bonus: Total earnigs (Basic + DA )in a year x 8.33% ( but maximum is 20%)

3. Wage ceiling is Rs.3500/- per month

4. Coverage of Bonus for the employees whose's monthly Wage is less than Rs.10,000/- only ( i.e. Monthly Basic + DA should not exceed 10,000/-) if exceeded, he is not entitlement for bonus. If emplyer desires to pay bonus, they can be paid as per their wish by calling an "ex-gratia" and not bonus i.e. out of purview of bonus act
5. They should maintain the Bonus Register in Form C

it is little bit confusion for the first time calculation but it is easy.

If any query is required please do not hesitate to call: 09704233306 (MADHAVA RAO G - Industrial Labour Law Consultant, Hyderabad)