Thread Started by #jinisha-nair

Can some explain how Statutory Bonus is calculated? Is it calculated on Basic+DA or Gross(which includes all allowances)? Please share an example.
9th May 2018 From India
I would request the questioner to refer to the definition of the term " salary or wage " u/s 2(21), payment of minimum bonus u/s 10 and payment of maximum bonus u/s 11 of the Payment of Bonus Act,1965 respectively first and then raise any doubts relating to the calculation of statutory bonus.
9th May 2018 From India, Salem
If the minimum wages is less than 7000 thousand for example 6500 Rs. In this case which amount to be paid to employee for minimum bonus. Kindly suggest me in this regards
15th May 2018 From India
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