Why 8.33 is fixed as minimum limit for calculation of bonus under bonus act 1965?
The Rationale is to ditribute amogst all Stake-Holders of any ecomomic-Enterprise/venture, a reasonable (may be Minimum, Fair, proportion/ Part/Share of the Earnings from Business-Activities pursued and to Motivate the Stake-Holders to Perpetuate their Common Pursuit for Creating Wealth.
8.33% works out to One (1) Months Earnings (Basic Wage plus DA component as it were) of a Worker eligible for Bonus Payment
Kritarth Team
15 Feb 2019
Add Reply Start A 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 @ 2019 Cite.Co™