Bonus Eligibility in the Chemical Industry
I am working in the chemical industry in Ahmedabad and have a question regarding the eligibility for a bonus. Our consultant mentioned that a bonus is eligible for those whose gross salary is less than ₹10,000 per month. As per the direction of the Gujarat High Court judgment, all allowances are included in the eligibility for the bonus.
So, is this correct or wrong? I believe the bonus is payable to those whose basic salary is less than ₹10,000.
If you have any attachments regarding this clarification, please urgently send them to me. Please guide me on this issue. I need your urgent help.
Regards,
Varun Thaker
Sr. Executive (HR)
From India, Ahmadabad
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1I am working in the chemical industry in Ahmedabad and have a question regarding the eligibility for a bonus. Our consultant mentioned that a bonus is eligible for those whose gross salary is less than ₹10,000 per month. As per the direction of the Gujarat High Court judgment, all allowances are included in the eligibility for the bonus.
So, is this correct or wrong? I believe the bonus is payable to those whose basic salary is less than ₹10,000.
If you have any attachments regarding this clarification, please urgently send them to me. Please guide me on this issue. I need your urgent help.
Regards,
Varun Thaker
Sr. Executive (HR)
From India, Ahmadabad
Acknowledge(0)Amend(0)
Bonus Calculation and Eligibility
The bonus ceiling is set at ₹10,000 basic only. Any salary exceeding ₹10,000 will have the bonus calculation limited to ₹3,500. For salaries/wages exceeding ₹3,500, the actual calculation applies, while for wages of ₹3,500 or less, the calculation is different.
If you have any queries, feel free to contact me.
Regards,
Vashishth.R
HR Consultant
[Phone Number Removed For Privacy Reasons]
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The bonus ceiling is set at ₹10,000 basic only. Any salary exceeding ₹10,000 will have the bonus calculation limited to ₹3,500. For salaries/wages exceeding ₹3,500, the actual calculation applies, while for wages of ₹3,500 or less, the calculation is different.
If you have any queries, feel free to contact me.
Regards,
Vashishth.R
HR Consultant
[Phone Number Removed For Privacy Reasons]
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SALARY SHEET CALCULATION.xls
Salary calculation.doc