Applicability Of Diwali Bonus - Labour Law - CiteHR
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Dear Seniors,
Happy Diwali to all in advance.
As per our Internal Auditor report
Bonus would not be payable to any employee more than 3500rs. as per bonus act
Please reply me as per law
Regards,
Ranchhod Dangar

Dear Ranchhod
As per the Bonus Act 1965 :
Applicability of Bonus :
Ceiling of drawing Bonus - Rs 10,000 ( Basic+DA)
It means that Employees who draws Rs. 10,000 or less ( Basic + DA) are liable to get Bonus
Calculation :
For Calculation purpose, Rs. 3500 is the maximum limit.
For example : Salary of Employee A - 9500
Calculation purpose - 3500
Salary of Employee B - 2800
Calculation Purpose - 2800
Thank you

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