Dear All,
One side we say bonus to be calculate on basic + DA if basic is less than 7000/- so bonus will calculate on basic & DA & other side 7000 or 8.33% of minimum wages whichever is high.
if we calculate bonus on 7000/- while basic+ DA is 6000/- is it wrong or any legal issue if we pay bonus on 7000/-
Kindly clear doubt .
15th February 2017 From India, Indore
As per the existing provisions of the Bonus Act an employee who gets salary of Rs.21,000/- shall be eligible for bonus on a restricted slab of Rs.7000/- @ 8.33% If basic pay is less than the restricted pay, you should follow the actual of such of those of employees. However the Management is accepting your proposal you may do so.
19th February 2017 From India, Madipakkam
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