Taani
Hr/personnel
Skm
Hr
Dipteeshete
Mba Hr Fresher
+9 Others

Dear HR Fraternity, I have a question on the limit/ceiling of Bonus payable as per the act. I want to know the limit/ceiling of bonus and if one exceeds the limit how do we show the same in the registers.plz get me the detailed formats through which same can be maintained. I also want to know if the company is liable to pay bonus in case ann employee exceeds the ceiling/limit.
Dear SKM,
Bonus is calculated on the basic salary. The minimum % to be given as bonus would be 8.33% and Maximum % would be 20%. Anything given above 20% is caled as exgratia payment.
Your second query is limit of bonus ?
The limit for calculating bonus is Rs.10000/- on basic . Any one drawing basic salary which is more than Rs. 10000/- is ineligible for bonus as per act. There are two types of bonus, one is statutory bonus and other is customary bonus. You have to show only statutory bonus paid in the register maintained in Form C and D as per bonus act.
The company is not liable to pay bonus if any one crosses the limit.


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File Type: doc FormC-Bonus.doc (22.5 KB, 10291 views)
File Type: doc Form D-Bonus-Format.doc (27.0 KB, 7099 views)

Dear All, Kindly clear me if the bonus is paid above 20% on basic salary . for Example if bonus paid is 25% the 5% would be exgratia. Regards, Suman
Dear All, If someone is on maternity leave that time she is eligible for bonus so how to calculate ? what basic & spl to be consider ? — — — — - MANOJ PATIL 98222 72 152
But anyone who draws basic salary more than 10000/- is not eligible for bonus.but if company wishes then can give it or not??????
Dear HR com,
I have situational query?
Mr. X joined in ABC Co. on on annual CTC of Rs 292500/- (Rs 22500/- per month and Rs 22500/- as yearly bonus). He resigns before completion of 1 year. Is he eligible for the bonus?
- regards
Freddy.
Freddy
If the basic+DA per month is less than Rs. 10000/- then only statutory bonus is payable. Please confirm on this aspect so that I can give you further advice. As far as working duration is concerned, the statutory bonus is payable to employee if he has worked for minimum 30 days in a financial year of which bonus is to be paid. Please note that the bonus is always paid based on the number of days of service the employee has actually rendered. It means if an employee has worked for 4 months in a financial year and he resigned in 5th month, he is entitled for the statutory bonus as he has worked for 30 days but he will get the bonus only for 4 months and not for entire period.
Hi Manish...
The employee is in executive (assistant Mgr) category and the the bonus indicated in his appointment letter was part of CTC (not a statutory bonus). However, no performance/profit based condition is bear with his appointment letter. In this case if the company is not paying the bonus at the time of Full & Final settlement, can he take go with judicial way ?
please advise.
regards
Freddy,
Sir/Mam,
I am confused with the word Salary or Wages in the Bonus Act is inclusive of Basic + D.A. or Basic + other allowances. Please convey whatever according to act is correct.
Because Bonus limit is Salary or wages upto 10000 but is it Bsic + D.A or the gross salary.
Also our company does not pay D.A
Our salary structure is Gross = Basic + HRA + Medical All + Transportation All + Edu All.
Please Convey if all these come under the definition of Salary or Wages in Bonus Act.
Hi, yes first ur basic salary (basic+da) must be upto 10000 not more then to get bonus secondly you must have done continuously 30 days job in accounting year Thanks & regards,
thank you so much,
one more help I need, can you mail me the amendment where it is mentioned that the bonus eligibility depends upon basic + D.A.
my emailid is :
Thanks & Regards
sir, I am working in NPCIL through contractor. My work is regular type i am working since 1994. As per law, How many type of facilities, we can get from NPCIL. Presently we get only PF & Bonus only. Can we get any leave, medical facility. If I can leave for one day contractor deduct amount for that day. Our contract is one year labour supply contract.
if someone getting salary of Rs. 11000 pm. whether he is eligible or not for bonus
i want brief informtion on bonus calculation. e.g eligibility, limit, calculation, examples
If PFable salary is more than 10,000 & but basic amount is less than 10,000/-. what will be the calculation. whether the employee is eligible for bonus or not ?
Dear minimum days/ month for bonus for statury bonus and clear formula calculate in months or days basic salary + da (not more than 10,000/-) * number of days / month*8.33 Guleriya
dear all, please share the esic calculation,pf calculation and bonus calculation with act. Thanks and Regards Rajesh Paswan
Dear hr community
please find bonus form d in excel format
Dear sir HR COM
IM GOING TO PREPARE FOR FULL & FINAL SHEET FOR EMPLOESS WITH BOUNS AMOUT SO PLEASE KINDLY SUGESTION ME FOR BOUNUS CALCULAT PROCCERS.
FOR EXAMPLE THEY WORKED ATTEND 4 MONTH NO OF DAYS 52 AND BASIC 6500/25=240*52 DAYS*8.33% OR
BASIC 6500/30=217*52 DAYS* 8.33%
SO WE DIVIDE BY 30 DAYS OR 25 DAYS IN MONTH FOR BASIC.
SURESH
Dear sir/Madam,
Can you please provide the policy about new startup companies will applicable for bonus act or not?
Dear All,
I like to know better for employee Benefits. Its mandatory to provide Bonus as per the act. Do we have any rules and regulation for providing bonus? Is it applicable if a company process a resolution to hold bonus for irregular employees. If processed can we process the resolution to the existing employee available in the organization? Kindly suggest a valuable Reply.
Sir,
Company can deduct VPF without consent of concered employee
Regards,
Santosh Kakde
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