Dear sir, What about the ex-employees who's wages is more than 21,000/-p.m.
Is he eligible for Bonus. Pl advice.
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If the wages or salary as defined at sec.2(21) of Payment of Bonus Act, 1965 exceeds Rs. 21,000/- per month then that ex-employee shall not be entitled for any bonus under this Act.
R N KHOLA
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