In Maharashtra, Bonus is calculated on Base pay of Rs. 7000 or on the Minimum wages as declared by state.
From Singapore, Singapore
Dear friend,

As per the amended provision of sec.12 of the Payment of Bonus Act,1965, when the salary of the employee exceeds Rs.7000/= p.m, bonus shall be calculated as if the salary is Rs.7000/= only or the minimum wages fixed by the appropriate Government under the Minimum Wages Act,1948 for the employment whichever is higher.

From India, Salem

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server