iam working in pmc company i think they are not paying any bonus as such for any festivals. is it mandatory for the company to pay bonus ?
From India, Bangalore
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From India, Bangalore
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You think they are not paying any bonus? You do not know? Have you asked the HR department? Are you asking only about the festival bonus or also about the statutory bonus?
Also, how many people work for your company, and what is your salary?
Please remember that without full and proper information, you will not get the correct answer.
From India, Mumbai
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2508Also, how many people work for your company, and what is your salary?
Please remember that without full and proper information, you will not get the correct answer.
From India, Mumbai
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For statutory bonus, as per the Bonus Act, a company is bound to pay a bonus only to those employees whose gross salary is up to Rs. 10,000 per month (8.33-12% of basic). Employees having a gross salary of more than Rs. 10,000 are not legally entitled to a bonus. However, it is the company's choice whether they pay a bonus to these employees or not.
Seniors, please correct me if required.
Regards,
Ashutosh
From India, Kollam
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Seniors, please correct me if required.
Regards,
Ashutosh
From India, Kollam
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc