Bhardwaj Ramesh Started The Discussion:
Dear Forum members,

As per my knowledge the bonus calculation limit is Rs.3500/ basic per month. Plese help me out whether the limit has been increased or not. last year it was noticed in some news papers that the Govt. is considering to raise the limit.

Regards

RB
Posted 1st October 2011 From India, New Delhi
Dear RB,

This limit has not been increased so far.

Regards

R.N.KHLOA|Sr.ASSOCIATE|LL&IR|
SKYLARK ASSOCIATES|GURGAON|HARYANA|
Labour Law Consultants|Mobile:9810405361|
www.skylarkassociates.com/
Posted 1st October 2011 From India, Delhi
rkn61 
Would like to supplement as follows:

An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-

1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.

Thanks.

R K Nair
Posted 1st October 2011 From India, Aizawl
Dear All, Mr.R.K.N and Mr.R.N.K, Thanks for your valuable inputs. I am also enclosing the amendment notification and the bill for members reference. S.Sethupathy Excellent HR Services, Erode.
Posted 1st October 2011 From India, Coimbatore
Attached Files
Shared By Cite.Community Member "sethupathy" For Public Download
File Type: doc Bonus act amendment 07.doc (113.0 KB, 7676 views)
File Type: pdf Bill-Payment of Bonus Act Amendment[2010].pdf (629.9 KB, 3532 views)
File Type: xls Bonus_Calulation.xls (21.5 KB, 4760 views)
cms123 
Dear All

it was just draft bill its not yet published in Gazzete of India hence not applicable , current bonus ceiling of 3500 will continue till the publication of amendment in Bonus

Thanks
Sunil Nipurte
Mumbai
Posted 3rd October 2011 From India, Mumbai
Dear All, Agreed with Mr. Sunil, this is just draft of bill not official gazzete. Thanks KCP
Posted 3rd October 2011 From India, New Delhi
Pl let me know if the recommendations on enhancing the above limits have been accepted and accordingly has the amendment bill been passed. Thanks, Sastry
Posted 3rd October 2011 From India, Bangalore
Dear All, Agreed with Mr. Sunil, this is just draft of bill not official gazzete. Thanks Manish0712
Posted 3rd October 2011 From India, Mumbai
Would like to supplement as follows:

An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-

1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.


plz send me G.O. copy of above amemdment bill
Posted 10th December 2011 From India, Bangalore
Dear Sir, In Bonus Calculation in industry (Manpower supplier), Bonus = Basic *8.33/100 OR Basic +Da *8.33/100 Kumar
Posted 16th October 2012 From India, Chennai
Dear Sir, Pls clarify my staff Basic - 4365 and DA - 2582 = total 6947, in bonus - 6947*8.33% OR 4365 *8.33% Reply me sir kumar
Posted 16th October 2012 From India, Chennai
Dear Senthil

It must be 3500 X 8.33% because the Basic or Basic+DA is exceed the limit of Rs.3500/-. Always the Bonus calculation is Basic + DA or the Minimum Salary (as per Minimum Wages Act) fixed by the appropriate government.
Posted 16th October 2012 From India, Kumbakonam
In Bonus - Our Basic 4350 and DA - 2582 how to calculate bonus i.e 4350+2582 * 8.33% OR 4350 *8.33% Pls clarify kumar
Posted 17th October 2012 From India, Chennai
Dear Sir

Does it mandatory to maintain same % of bonus in coming years too incase if its higher than 8.33% and subject to minimum profits of the organization in that particular year ?

With thanks

Rao..T.N
Posted 27th September 2013 From India, Hyderabad
Hello All,

I am student of MSW and recently I have studied this act and there is no change in ceiling of bonus calculation.. it is 3500 to 5000...

Seniors' Views are welcome.

Thank you,
Harshil khatri
Vadodara
Posted 27th September 2013 From India
Please find the attached file.. May help you. a very brief idea of calculation of Bonus according to Payment of Bonus Act, 1965..
Posted 27th September 2013 From India
Attached Files
Shared By Cite.Community Member "harshil.khatri" For Public Download
File Type: docx Payment of Bonus Act, 1965.docx (10.4 KB, 198 views)
For Bonus calculation: Min.Wages declared by Labour Ministry * 8.33 limited to wage ceiling of 3500 PM.
Posted 23rd June 2015 From India, Thane



 
 
 
 







Found This Useful? +Vote Up This Via Google.  

Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

About Us - Advertise - Contact Us - RSS   On Google+  
Copyright 2016 Cite.Communities (CiteHR.Com) User contributions are owned by the contributor.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network