Hi Everyone, As per amendment in Bonus act the eligibility amount 10000 is replaced by 21000. Here my query that Act this amount 21000 is gross salary or basic+da. Please do the needful.
From India, Pune
11From India, Pune
Dear sir, It is calculated on Basic + DA (vda also if any) only subject to eligibilty threshold limit of Rs. 21000/ month. Regds, RDS Yadav
From India, Delhi
From India, Delhi
Dear Yadav Sir, Thanks for reply. Calculation part is okay, but please clarify 21000 gross salary or basis + da. Also requesting you if possible please provide reference.
From India, Pune
From India, Pune
Dear sir,
The answer is Basic + DA not the Gross amount .For clarification of the term Salary or Wages, I want to take you through Sec. 2 (21) of the Payment of Bonus Act, 1965 which is as below:
"salary or wage" means all remuneration (other than remuneration in respect of overtime work) capable of being expressed in terms of money, which would, if the terms of employment, express or implied, were fulfilled, be payable to an employee in respect of his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of living), but does not include—
(i) any other allowance which the employee is for the time being entitled to;
(ii) the value of any house accommodation or of supply of light, water, medical attendance or other amenity or of any service or of any concessional supply of food grains or other articles;
(iii) any travelling concession;
(iv) any bonus (including incentive, production and attendance bonus);
(v) any contribution paid or payable by the employer to any pension fund or provident fund or for the benefit of the employee under any law for the time being in force;
(vi) any retrenchment compensation or any gratuity or other retirement benefit payable to the employee or any ex gratia payment made to him;
(vii) any commission payable to the employee. Explanation.--Where an employee is given in lieu of the whole or part of the salary or wage payable to him, free food allowance or free food by his employer, such food allowance or the value of such food shall, for the purpose of this clause, be deemed to form part of the salary or wage of such employee;
Thanks for your query.
Regds,
From India, Delhi
The answer is Basic + DA not the Gross amount .For clarification of the term Salary or Wages, I want to take you through Sec. 2 (21) of the Payment of Bonus Act, 1965 which is as below:
"salary or wage" means all remuneration (other than remuneration in respect of overtime work) capable of being expressed in terms of money, which would, if the terms of employment, express or implied, were fulfilled, be payable to an employee in respect of his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of living), but does not include—
(i) any other allowance which the employee is for the time being entitled to;
(ii) the value of any house accommodation or of supply of light, water, medical attendance or other amenity or of any service or of any concessional supply of food grains or other articles;
(iii) any travelling concession;
(iv) any bonus (including incentive, production and attendance bonus);
(v) any contribution paid or payable by the employer to any pension fund or provident fund or for the benefit of the employee under any law for the time being in force;
(vi) any retrenchment compensation or any gratuity or other retirement benefit payable to the employee or any ex gratia payment made to him;
(vii) any commission payable to the employee. Explanation.--Where an employee is given in lieu of the whole or part of the salary or wage payable to him, free food allowance or free food by his employer, such food allowance or the value of such food shall, for the purpose of this clause, be deemed to form part of the salary or wage of such employee;
Thanks for your query.
Regds,
From India, Delhi