From "skm" : Dear Hr Faternity,
I have a question on the limit/ceiling of Bonus payable as per the act. I want to know the limit/ceiling of bonus and if one exceeds the limit how do we show the same in the registers.plz get me the detailed formats through which same can be mantained. I also want to know if the company is liable to pay bonus in case a employee exceeds the ceiling/limit.
Thanx & regds
30th April 2010 From India, Bangalore

scope.dinesh 9
Dear SKM,
Bonus is calculated on the basic salary. The minimum % to be given as bonus would be 8.33% and Maximum % would be 20%. Anything given above 20% is caled as exgratia payment.
Your second query is limit of bonus ?
The limit for calculating bonus is Rs.10000/- on basic . Any one drawing basic salary which is more than Rs. 10000/- is ineligible for bonus as per act. There are two types of bonus, one is statutory bonus and other is customary bonus. You have to show only statutory bonus paid in the register maintained in Form C and D as per bonus act.
The company is not liable to pay bonus if any one crosses the limit.

2nd May 2010 From India, Madras
Attached Files
File Type: doc FormC-Bonus.doc (22.5 KB, 8626 views)
File Type: doc Form D-Bonus-Format.doc (27.0 KB, 5467 views)
Dear All, Kindly clear me if the bonus is paid above 20% on basic salary . for Example if bonus paid is 25% the 5% would be exgratia. Regards, Suman
26th July 2010 From India, Patiala
manojdpatil 8
Dear All, If someone is on maternity leave that time she is eligible for bonus so how to calculate ? what basic & spl to be consider ? — — — — - MANOJ PATIL 98222 72 152
20th October 2010 From India, Pune
taani 3
But anyone who draws basic salary more than 10000/- is not eligible for bonus.but if company wishes then can give it or not??????
23rd October 2010 From India, Gurgaon
frad_deep 1
Dear HR com,
I have situational query?
Mr. X joined in ABC Co. on on annual CTC of Rs 292500/- (Rs 22500/- per month and Rs 22500/- as yearly bonus). He resigns before completion of 1 year. Is he eligible for the bonus?
- regards
30th June 2011 From India, Mumbai
Manish Gadre 15
If the basic+DA per month is less than Rs. 10000/- then only statutory bonus is payable. Please confirm on this aspect so that I can give you further advice. As far as working duration is concerned, the statutory bonus is payable to employee if he has worked for minimum 30 days in a financial year of which bonus is to be paid. Please note that the bonus is always paid based on the number of days of service the employee has actually rendered. It means if an employee has worked for 4 months in a financial year and he resigned in 5th month, he is entitled for the statutory bonus as he has worked for 30 days but he will get the bonus only for 4 months and not for entire period.
30th June 2011 From India, Mumbai
frad_deep 1
Hi Manish...
The employee is in executive (assistant Mgr) category and the the bonus indicated in his appointment letter was part of CTC (not a statutory bonus). However, no performance/profit based condition is bear with his appointment letter. In this case if the company is not paying the bonus at the time of Full & Final settlement, can he take go with judicial way ?
please advise.
1st July 2011 From India, Mumbai
I am confused with the word Salary or Wages in the Bonus Act is inclusive of Basic + D.A. or Basic + other allowances. Please convey whatever according to act is correct.
Because Bonus limit is Salary or wages upto 10000 but is it Bsic + D.A or the gross salary.
Also our company does not pay D.A
Our salary structure is Gross = Basic + HRA + Medical All + Transportation All + Edu All.
Please Convey if all these come under the definition of Salary or Wages in Bonus Act.
3rd October 2011 From India, Nagpur
Heena_Bhola 4
Hi, yes first ur basic salary (basic+da) must be upto 10000 not more then to get bonus secondly you must have done continuously 30 days job in accounting year Thanks & regards,
7th October 2011 From India, Ambala
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