Hi,
Please provide information with regard to the following:-
1. What is the latest amendment with regard to Ceiling of Bonus, ie what should be the minimum basic in order to give the bonus. (is it Rs.3500 or Rs. 5000)
2. Is bonus calculated on basic pay or gross OR What is the basis for calculation of bonus ?
3. Are Fixed Term Contractual (FTC) employee for one year term (which is renewed every year) is entitled for bonus ?
You are requested to reply soon as this is very urgent.
Regards
Francis Palmer
From India, Calcutta
Please provide information with regard to the following:-
1. What is the latest amendment with regard to Ceiling of Bonus, ie what should be the minimum basic in order to give the bonus. (is it Rs.3500 or Rs. 5000)
2. Is bonus calculated on basic pay or gross OR What is the basis for calculation of bonus ?
3. Are Fixed Term Contractual (FTC) employee for one year term (which is renewed every year) is entitled for bonus ?
You are requested to reply soon as this is very urgent.
Regards
Francis Palmer
From India, Calcutta
Dear Friend,
Kindly click on the following link, it will give you some required information,
<link no longer exists - removed>
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
093831 93832
From India, Coimbatore
733Kindly click on the following link, it will give you some required information,
<link no longer exists - removed>
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
093831 93832
From India, Coimbatore
HI
WHO IT MAY BE ONCE THEY ARE APPOINTED THROUGH COMPANY , IF THEY WORK FOR 30 DAYS AND ABOVE , THE PAYMENT OF BONUS IS MANTADORY UNDER THE LAW.
The salary ceiling limit is increaed to Rs 10000 , not Rs 5000 as specified by you.
Regards
R sudhakar
From India, Madras
WHO IT MAY BE ONCE THEY ARE APPOINTED THROUGH COMPANY , IF THEY WORK FOR 30 DAYS AND ABOVE , THE PAYMENT OF BONUS IS MANTADORY UNDER THE LAW.
The salary ceiling limit is increaed to Rs 10000 , not Rs 5000 as specified by you.
Regards
R sudhakar
From India, Madras
dear
the employees whose basic is upto 10000 per month are entitled to get bonus .
but bonus is calculated on 3500,it means calculation is done on 3500.
all employee who has workded for more than 30 days are entitled to get bonus.
tks
j s malik
From India, Delhi
the employees whose basic is upto 10000 per month are entitled to get bonus .
but bonus is calculated on 3500,it means calculation is done on 3500.
all employee who has workded for more than 30 days are entitled to get bonus.
tks
j s malik
From India, Delhi
Dear all,
Bonus calculated on Earaning basic+DA (Below 10000), 8.33% on Earning Basic+DA, Calculation done on 3500.
The employment of 20 or more persons on even 1 day in a year is sufficiant to attract the provisions of the Act.
From India, Hyderabad
Bonus calculated on Earaning basic+DA (Below 10000), 8.33% on Earning Basic+DA, Calculation done on 3500.
The employment of 20 or more persons on even 1 day in a year is sufficiant to attract the provisions of the Act.
From India, Hyderabad
Hello Sir, Iam drawing a salary of Rs.13000/- Gross per month. Am I eligible for getting bonus according to Act. If Iam eligible to what extent I can get bonus. Please let me know.
From India, Bangalore
From India, Bangalore
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BONUS CEILING LIMIT APPROVED.pdf
Amendment to Payment of Bonus Act 2015.jpg