As per the bonus Act 1965, the bonus has to be paid @ 8.33 % to 20 %. The minimum bonus to be paid can be shown in the appointment letter.
The ceiling was raised recently from Rs. 3500 to 10,000 and Certain organisations pays ex-gratia for executives earning more than Rs. 10,000 per month. I am of the view that there is nothing wrong in mentioning the minimum assured amount in the offer of employment. Some of the leading /best employers in the country even include the performance pay in the CTC which is solely based on the performance. But they put the performance pay based on the average/normal performance
rajesh babu