Dear All,
Answer to Mr.Rao's query : Bonus act is Central Act and is applicable throughout India.
Answer to Mr.Mahesh query : If the employee is drawing a salary exceeding Rs.3500 but less than Rs.10000/- he is eligible to receive bonus but considering the wage limit as Rs.3500/-.
But if the employee is on Loss of pay.
Deduct the Pay equivalent (LOP) from the Basic + DA and if this figure hovers between Rs.3500/- and Rs.10000/- consider that he has earned Rs.3500/- (Wage ceiling)
But if the figure is lower than Rs.3500/- say Rs.3400/- then consider it as Rs.3400/-
In other words do not consider the Wage ceiling (Rs.3500/-) for computing the earned Wages.
M.V.KANNAN
Answer to Mr.Rao's query : Bonus act is Central Act and is applicable throughout India.
Answer to Mr.Mahesh query : If the employee is drawing a salary exceeding Rs.3500 but less than Rs.10000/- he is eligible to receive bonus but considering the wage limit as Rs.3500/-.
But if the employee is on Loss of pay.
Deduct the Pay equivalent (LOP) from the Basic + DA and if this figure hovers between Rs.3500/- and Rs.10000/- consider that he has earned Rs.3500/- (Wage ceiling)
But if the figure is lower than Rs.3500/- say Rs.3400/- then consider it as Rs.3400/-
In other words do not consider the Wage ceiling (Rs.3500/-) for computing the earned Wages.
M.V.KANNAN