Eligibility Of Bonus

vjhareesh
Dear All
One of my friend was working in a company for a consolidated pay of 15000 per month. His salary was not been bifurcated as Basic, D.A, HRA etc. The management has done this only to escape from PF & ESI. Now he has resigned. Whether he is eligible for Bonus from his employer? Please put your opinions....
Regards
Hareesh
HRM
bhardwaj_ch1
Those bifurcation for PF was done that has to be considered for Bonus eligible salary also. And if he
falls below 10,000/- p.m., then eligible for bonus whey payable for 2012-13.
Harshil Patel
As his salary is not bifurcated , though consider his monthly salary is Rs.15000/- according to law, he is not entitle to get bonus, as the
Abhijit_Barua
Dear Friend
His not entitle for bonus, as per law <Rs.10000/- salary employees are entitle for bonus not > Rs. 10000/-.
mahesh3328
Dear Friend,
As per law his gross salary is more than 10,000/- so he is not eligible for bonus.
Mahesh
Sharmila Das
Dear Mr. Hareesh,
In accordance with the Bonus Act 1965, those who make their Basic + D.A lesser or equal to Rs.10,000/- per month will not be eligible for bonus. Since his salary has not been alienated and crosses Rs.10,000 p.m, therefore no bonus would be expeted from his employer.
legal@hidesign.com
Dear Seniors,
If the company pays consolidated pay to avoid pf and esi, how will they calculate gratuity. Kindly enlighten me on this.
Regards
K Lakshme Devi
Sharmila Das
Dear Ms. K. Lakshme Devi,
If the salary/ paycheck is consolidated then then the gratuity will be counted on the gross pay only, as there is no Basic to be calculated.
Employee who completes 5 years of continuous service in the establishment is entitles for Gratuity as per the Gratuity Act,1972.
Gratuity can be calculated as:
15 days of Salary entitlement for each completed year of service which is calculated as 15/26 X Basic=DA XNo.of years of service.
26 = only 26 days in a month is calculated for gratuiity.
saswatabanerjee
Where no break up of salary is there, the entire salary is considered as basic
all computation will be done on that basis.
Abhijit_Barua
Gratuity calculate current basi+DA (actual)
gratuity calculation means one worked = 15 days ( Basic+DA salary)* years of service
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