Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Hello Seniors
I need your inputs on the following:
I know that eligibility for bonus is that employee's basic salary should be upto Rs.10,000/- and he should have worked in the company for not less than 30 working days.
Now my question is what is the exact definition of working days???
does it include weekly offs and leave with pay or not??
for instance somebody joined a company in 1.02.10 and left on 5.05.10. In month of april'10 he took 5 leaves and there were 4 weekly offs.... then how the working days would be calculated??
If we include all of the above his total working days will be 35 (which means eligible for bonus) else 26 (which means non eligible for bonus).... Pls tellme what is the correct calculation for working days.
Awaiting your reply
Thanks in advance
Tweeps

From India, Mumbai
Your quesry I am replying one by one
1- Basic limit for Bonus is Rs.3500/- per month
2-If we calculate nos of working days it should be calculated on the basis of his earn Basic may be he or she on leave or off but if he/she has earned Basic on account of leave in full his basic should be taken without consdiering nos of days actaul
3- Thisis basic calculation for Bonus if we count leave or off we will not do justice beacuse it matters only ean basic for that month only
I hope all is clear to you now
P K MISHRA

From India
Dear Tweeps,

According to section 8 of The Payment of Bonus Act, 1965 for bonus eligibility we are to take into consideration the actual working days while calculation of bonus amount is separate matter. Here we are to consider 26 working days & thus this employee would not be eligible to have bonus from the employer.
Opinion submitted as requested.
With Regards,
R.N.Khola




From India, Delhi
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™