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Bonus applicability - which establishment covered under the bonus act?
Dear all kindly provide the details about the bonus. 1 which establishment covered under the bonus act. 2 bonus is compulsory for all employee. 3 what is the celing of bonus. 4 its return submission time. 5 how older establishment coverd under the bonus act. 6 can bonus distribute twice in a year. 7 minimum or maximum bonus. regards pulkit
Latest bonus amendment in jan 2016
We are working in pvt co. in agra. refer to latest amendment in bonus act done in jan 2016 i wanted to know few things as below. 1. what is new criteria of bonus distribution. as of now my basic salary is rs. 10500.00 so i will get bonus under this new act or not. 2. i have joined this organisation in 3rd feb 2014 and in appointment letter i have signed with this condition that "you will not entitled for bonus" shall we get bonus under this new bonus act.under this new provision from what time i should get bonus from our employer i.e. from date of joining or not. 3. under this act till what time employer should pay off our pending bonus to their employee.
How to calculate bonus as per bonus act.
Dear seniours please let me know how to calculate bonus as per bonus act. we should calculate training and probation period or not according to bonus act.please also let me know what is differnce between bonus & exgracia.
Bonus
Hello frend plse clearify that an employee who has left the organization and he could not get his bonus of that year. what will be his bonus. is there any rule to deposite the non paybale ammount of bonus. plse reply as per the bonus act.
Bonus percentage
Hi everyone please suggest on the industry bpo practices of bonus percentage which is given yearly. the bonus act says 8.33 of annual basicda. but would like to know best industry practices. please note that i am not mentioning about retention bonus/variable pay. i am mentioning about mandatory bonus as per bonus act. thanks pranathi
Bonus
What does seton & set off means in bonus act. this information will be used to know how company decide the percentage of amount to b paid as bonus. also help us to calculate bonus for the employees.