Umakanthan53
Labour Law & Hr Consultant
G.K.MANJUNATH
Sr.manager-hr Bangalore India
Skhr07
Hr Advisor
+1 Other

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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
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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?
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
thanks for the reply however i just wanted to check if HRA component is calculated for bonus regards Feroz
HRA will not be calculated for Bonus. Bonus is calculated only on Basic+DA.
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