Umakanthan53
Labour Law & Hr Consultant
G.K.MANJUNATH
Sr.manager-hr
+1 Other

hello,
I work for a BPO and i would like to know what components of salary are calculated for statutory bonus and i am also mentioning the components that are in my salary slip please let know about this.
1.Basic
2.HRA
3.Conveyance Allowance
4.Medical Reimbursements
5.Leave Travel Allowance
6.Coach Allowance
Regards
Feroz
4th December 2016 From India, Hyderabad
Dear Feroz, Why don’t you go through Sec.2(21) of the Payment of Bonus Act,1965 and then raise this query in case of still any doubt?
4th December 2016 From India, Salem
Dear Friend,
For Bonus calculation only Basic+DA and VDA is to be taken. Other allowances should be taken. In the absence of DAs, the bonus is to be calculated only on Basic. It should be in line with the Minimum wages Act or the minimum bonus of Rs. 7000/-.
G.K.Manjunath,
Sr. Manager-HR
4th December 2016 From United States, Cambridge
thanks for the reply however i just wanted to check if HRA component is calculated for bonus regards Feroz
6th December 2016 From India, Hyderabad
HRA will not be calculated for Bonus. Bonus is calculated only on Basic+DA.
18th October 2018 From India, Chennai
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