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I'm a proprietor who was in profit in FY 22-23. My consultant has told me that for bonuses, we need to use minimum wages for specific skill levels (not 7000).
Support 8.33% bonus is payable for a driver(skilled) whose minimum wage in my state is Rs. 14000.

So will bonus be calculated on base Rs. 14000 salary or Rs 7000 in this case?

From India, Meerut

Consultant is right. Bonus has to be calculated on the basis of minimum wages not on 7000/- if minimum wages is more than 7000/-. Now what is essential that bonus has to be calculated as per schedule of bonus Act. For one proprietor how it will be calculated is required to discuss with appropriate person - may be charter accountant or any consultancy firm.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531

From India, New Delhi
Correct bonus will paid as per minimum wages in state not on 7000 rupees. As per bonus act.
From India, Agra
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