Can anyone tell me has base rise of bonus(limit) changed from 3500 to 7000. How does it make effect for calculating this amount? Abhay Sohoni
From India, Satara
1From India, Satara
Dear Abhay Sohoni, Still the maximum salary to calculate bonus is Rs. 3500. Hence effect of Rs. 7000 is immaterial. Abbas.P.S
From India, Bangalore
From India, Bangalore
Dear Consultme,
The query is about if the bonus after calculations to be paid which is currently Rs. 3500/- has been revised to Rs. 7000/- .
The link you have shared is in regards to the revision in the salary range from 3500/- to Rs. 10,000/- for calculation of the bonus.
So the Legal Maximum Bonus to be paid remains at Rs. 3500/- This has not be revised to Rs. 7000/-
Regards,
Ashutosh Thakre
From India, Mumbai
The query is about if the bonus after calculations to be paid which is currently Rs. 3500/- has been revised to Rs. 7000/- .
The link you have shared is in regards to the revision in the salary range from 3500/- to Rs. 10,000/- for calculation of the bonus.
So the Legal Maximum Bonus to be paid remains at Rs. 3500/- This has not be revised to Rs. 7000/-
Regards,
Ashutosh Thakre
From India, Mumbai
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BONUS CEILING LIMIT APPROVED.pdf
Amendment to Payment of Bonus Act 2015.jpg