Labour Laws & Ir
Export-import, Administrative
Rajeev Verma
Hr Professional
Service In Engg. Group Having 4 Units As
Personnel Officer
Industrial Relations
Sr.executive Hr & Ir
+4 Others

Thread Started by #shepur

I want to know the names of the components falling under salary/wage under Payment of Bonus Act 1965 to determine Rs.10,000\- as salary as per the amended act.
14th November 2007 From India
Hi, Basic + DA(VDA and FDA) are two Components which we use for determining Rs.10000/- as Wages. Regds Surender Rawat
14th November 2007 From United States, Salt Lake City
Hello all,
Thank you for info.
I just wanted to know further :
do we have to pay a bonus to our field - marketing staff when they are getting their special performance bonus based on the volume of sales they are putting up.
Pl. give your opinion/s
Thanks once again for the info.
I will be happy
16th November 2007 From India, Vadodara
Dear Divyang,
The Bonus which is being discussed over is a statutory payment under the Payment of Bonus Act and the Performance Bonus which is based the volumes of the sales is entirley on the performance of the employee, it has nothing to do with Statutory Bonus payment, hence they have to be paid Bonus apart from the performance Bonus.

25th August 2008 From India, Delhi
Is 8.33% standard percentage for calculating bonus. if it is minimum than what is the max. who fix this percentage limits. s.saravanan
1st October 2008 From India, Madras
Dear Saravanan,The maximum limit for the Bonus is 20%. The percentage of the same is fixed on the basis of the Allocable surplus of the organisation under the BONUS ACT.
1st October 2008 From India, Delhi
Hi MY HR Collleagues,
In this Presentation for Bonus Act - 1965.
Its very useful reference to all HR Professionals:icon1::icon1::icon1::icon1:
M.Narendra Rao Thesule
HR Dept
Glovis India (HMIL- Group)
9th October 2008 From India, Madras

Attached Files
Membership is required for download. Create An Account First
File Type: ppt Bonus Act - 1965 - 1.ppt (55.0 KB, 5827 views)

Dear all, This is the new amendment in Bonus Act,1965. Kindly find attachment. Warm Regards Anil Pol 93242 57125
2nd October 2010 From India, Mumbai

Attached Images
Membership is required for download. Create An Account First
File Type: jpg Bonus.jpg (1.13 MB, 938 views)

Your ppt presentation is an informtive one. But it is requested that how the bonus is calculated for an employee who is drawing Rs.10000/- as Basic Pay ???
Can you please explain this through Cite HR postings ?
K. Gopalakrishnan
HR Dept
KJI (HMIL Tier I supplier)
5th October 2010 From India, Bangalore
Under PF once the portion of Pension Amt is uncertained how does thr disbusement happens on what logic, pension amt is proportioned? If anybody can help in finding?
7th October 2010
Dear Member,
This thread relates to Payment of Bonus Act & therefore it is advised that you should post your query on separate or similar thread.

7th October 2010 From India, Delhi
Hi Shepur,
“salary or wage” means all remuneration (other than remuneration in respect of over-time work) capable of being expressed in terms of money, which would, if the terms of employment, express or implied, were fulfilled, be payable to an employee in respect of his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of living)
Explanation. – Where an employee is given in lieu of the whole or part of the salary or wage payable to him, free food allowance or free food by his employer, such food allowance or the value of such food shall, for the purpose of this clause, be deemed to from part of the salary or wage of such employee;
Thanks & Regards
Sunil Sharma
7th October 2010 From India, New Delhi
Respected Sir, If i want to submit my resignation letter in my mother tongue, is it possible, if yes then is it write any act?
4th February 2013 From India, Kolkata
Reply (Add What You Know) Start New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2017 Cite.Co™