Dear sir, Ref; Bonus clarification.
At Mills some of the workers are getting salary from 8,000 to 40,000/- , at the same time some staff getting salary from 25,000 to 80,000 and some executive staff getting salary from 70,000 to 1,10,000. For these 3 categories how we can get or take the eligible salary for bonus for this financial year 2016-17. please give the full details.
From India, Sivakasi
At Mills some of the workers are getting salary from 8,000 to 40,000/- , at the same time some staff getting salary from 25,000 to 80,000 and some executive staff getting salary from 70,000 to 1,10,000. For these 3 categories how we can get or take the eligible salary for bonus for this financial year 2016-17. please give the full details.
From India, Sivakasi
Dear Sripathi,
I think that your organization seems to be fairly a larger one having different grades and categories of employees on it rolls. Therefore, I would like to request you first to go through the amended definition of the terms " employee " u/s 2(13), " salary or wage " u/s 2(21) and the method of " calculation of bonus with respect to certain employees " u/s 12 of the Payment of Bonus Act,1965 and find out the answers to your queries on your own. Still, if you have any doubts even after your own effort, pl revert back.
From India, Salem
6016I think that your organization seems to be fairly a larger one having different grades and categories of employees on it rolls. Therefore, I would like to request you first to go through the amended definition of the terms " employee " u/s 2(13), " salary or wage " u/s 2(21) and the method of " calculation of bonus with respect to certain employees " u/s 12 of the Payment of Bonus Act,1965 and find out the answers to your queries on your own. Still, if you have any doubts even after your own effort, pl revert back.
From India, Salem
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Bonus eligibility.xls
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf