skm Started The Discussion:
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
Posted 30th April 2010 From India, Bangalore
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.

Posted 2nd May 2010 From India, Madras
Attached Files
Shared By Cite.Community Member "scope.dinesh" For Public Download
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File Type: doc Form D-Bonus-Format.doc (27.0 KB, 4898 views)
Dear Dinesh, Thank u so much. I could not use this site due to some server problems. Once again I would like to thank u. Thanx & regds Manju
Posted 12th July 2010 From India, Bangalore
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
Posted 26th July 2010 From India, Patiala
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
Posted 20th October 2010 From India, Pune
But anyone who draws basic salary more than 10000/- is not eligible for bonus.but if company wishes then can give it or not??????
Posted 23rd October 2010 From India, Gurgaon
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

Posted 30th June 2011 From India, Mumbai

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.
Posted 30th June 2011 From India, Mumbai
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.

Posted 1st July 2011 From India, Mumbai
Dear all Is there any employee will get minus(-) F & F amount? Please clarify. Regards sai.
Posted 7th September 2011 From India
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.
Posted 3rd October 2011 From India, Nagpur
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,
Posted 7th October 2011 From India, Ambala

thank you so much,
one more help I need, can you mail me the amendment where it is mentioned that the bonus eligibility depends upon basic + D.A.
my emailid is :

Thanks & Regards
Posted 7th October 2011 From India, Nagpur
sir, I am working in NPCIL through contractor. My work is regular type i am working since 1994. As per law, How many type of facilities, we can get from NPCIL. Presently we get only PF & Bonus only. Can we get any leave, medical facility. If I can leave for one day contractor deduct amount for that day. Our contract is one year labour supply contract.
Posted 15th October 2011 From India, Mumbai
if someone getting salary of Rs. 11000 pm. whether he is eligible or not for bonus
Posted 24th March 2013 From India, Pune
i want brief informtion on bonus calculation. e.g eligibility, limit, calculation, examples
Posted 24th March 2013 From India, Pune
If PFable salary is more than 10,000 & but basic amount is less than 10,000/-. what will be the calculation. whether the employee is eligible for bonus or not ?
Posted 19th August 2015 From India, Vadodara
Dear minimum days/ month for bonus for statury bonus and clear formula calculate in months or days basic salary + da (not more than 10,000/-) * number of days / month*8.33 Guleriya
Posted 15th October 2015 From India, Ghaziabad


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