Freelancer In Hr &indirect Taxes For
+1 Other

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Dear all, I have a doubt about the bonus calculation: My company's minimum wage is 9400 for unskilled workers.
Now, whether i have to calculate my bonus for the employees on 9400 or 7000. please clarify in detail as I have seen a lot of posting confusing so much.
if suppose employee's wage is below 7000, what is the calculation? request all the experts please clarify and explain in detail.

From India, Hyderabad
Mandatory bonus calculation is 8.33% of basic and DA. However it can not be less than 7000/- in any case.
From India, Vadodara
professionals, please explain in detail....
From India, Hyderabad
As per Bonus Act revision you have to pay bonus on ceiling Rs. 7000/- or Minimum wages whichever is higher. hence it can not less than Rs. 7000/-
From India, Mumbai
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