Hi, I am working as an HR executive in a Pvt Ltd Company. I want to know Is it mandatory to give bonus to our employees. How much bonus to give, what is the rule for bonus ?? Regards, Neha
From India, Bangalore
10From India, Bangalore
Neha,
bonus comes under legal compliance of company which is given to the employees 10th month of the year @ 8.33% to 20% of basic. ok
but if your company is planning to give something on dushehra that is called gifts.
satish
From India, New Delhi
bonus comes under legal compliance of company which is given to the employees 10th month of the year @ 8.33% to 20% of basic. ok
but if your company is planning to give something on dushehra that is called gifts.
satish
From India, New Delhi
Dear Neha,
It is mandatory to pay bonus to employees according to Bonus Act.. Kindly go through the Act for all details...
Minimum Bonus of Rs. 3500/- is to be paid to all employees whose Basic Pay is up to Rs. 10000/=.
Regards,
Bharghavi
From India, Bangalore
It is mandatory to pay bonus to employees according to Bonus Act.. Kindly go through the Act for all details...
Minimum Bonus of Rs. 3500/- is to be paid to all employees whose Basic Pay is up to Rs. 10000/=.
Regards,
Bharghavi
From India, Bangalore
Dear Ms. P. Neha,
According to the Bonus Act 1965, the bonus is applicable to the employees with Basic+ D.A is less than or equal to 10,000/- and the eligibilit of bonus counts as 3500/-. Percentage of bonus depends upon the dicretion of the management (applicable in case of employees with gross salary more than 10,000).
As per the bonus calculation, 3500 x % of bonus (8.33% to 20%) x No. of months worked
From India, Visakhapatnam
According to the Bonus Act 1965, the bonus is applicable to the employees with Basic+ D.A is less than or equal to 10,000/- and the eligibilit of bonus counts as 3500/-. Percentage of bonus depends upon the dicretion of the management (applicable in case of employees with gross salary more than 10,000).
As per the bonus calculation, 3500 x % of bonus (8.33% to 20%) x No. of months worked
From India, Visakhapatnam
Dear Neha, Satish, Bhargavi and Sharmila, Attached please find the draft bonus amendment bill 2010 which is under consideration for your information. Thanks
From India, Secunderabad
From India, Secunderabad
Dear SK Giridhare, The said amendment is not taken place as on date . the said notification is not govt notification Thanks and regards. Vijay Tapadiya
From India, Mumbai
From India, Mumbai
Hi Sharmila Mam,
Please find below detail and calculation for bonus and tell me which one is correct,
Ex: Basic salary is Rs. 6000
No. of months worked: 8 months
Calculation,
1. 3500 X 8.33% X 8= Rs. 2,332 or
2. 6000 X 8.33% X 8= Rs. 3,998
Which one is correct please tell me.
Thanks ,
Neha
From India, Bangalore
Please find below detail and calculation for bonus and tell me which one is correct,
Ex: Basic salary is Rs. 6000
No. of months worked: 8 months
Calculation,
1. 3500 X 8.33% X 8= Rs. 2,332 or
2. 6000 X 8.33% X 8= Rs. 3,998
Which one is correct please tell me.
Thanks ,
Neha
From India, Bangalore
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