Bonus - Bonus Eligibility

Dear Friend,
I need help regard bonus. The eligibility, calculation, minimum bonus, Limits (if any) of bonus.

Dear
All related issues are there in the Payment of Bonus Act, 1965 if you have put this query under this Act itself.
With Regards,
R.N.Khola

Dear
if any employee who will work in any company min. 30 days will be elligible for it. secondly min. limit is 8.33% of basic and max. 20% of basic.
thanks
payush

Dear Member
thos who r complted one month eligible 4 bonus as per bonus act.
minimum bonus should be paid 8.33% of basic maximum 20% of basic
if u need any further clarification do let me knw in my mail id [Login to view]

hi all,
How to calculate bonus for a person who worked for 30 days.
whether (basic*8.33%)/12*1 (one month) or will he eligible for total amount of bonus i.e., basic*8.33%
Regards,
Vishwanath

Here is how to calucalate bonus it is paid basic + Da for financial year * 8.33 % if monthly basic +DA is more than 3500/- for the purpose of calculating the bonus basic & Da shuld be considered as 3500/- and calcaution can be done as follows
3500/365 * no of present days

As per act min bonus is 8.33% and max 20%. However the salary for calculation of bonus is Rs 3500/- (the eligible limit is upto Rs10000 (ie. even though u r salary is 6500 the salary considered for calculation of bonus is Rs3500only)). Therefore Minimum bonus one gets under PBA Act is 3500*8.33%*12 = 3499 where as maximum bonus is 3500*20%*12=8400 which was rightly said by your accounts.
regards
ravi

one epmloyee got salary more than 10000 rupees in one month in year.
he is entitle bonus or not
plz kindly give answer to this clerly

Dear
Then bonus for that particular month shall not be payable in that accounting year.
With Regards,
R.N.Khola