Bonus Act [Thread 437316]

Dear Seniors,
I want to know about bonus rule /act, and calculation method.
can any one provide current bonus rule, eligibility, calculation.
Regards
Mukesh Singh

Dear Mukesh,
Eligibility ; He /she has to work min 30 physical working days in an accounting year.
Calculation Example:
If salary is 7500/- per month
Basic : 2000 per month
DA : 1500 per month
HRA : 4000 per month
Basic + DA : (2000+1500)*8.33%*12months = 3500 per Annam (Min Bonus)
Basic + DA : (2000+1500)*20%*12months = 8400 per Annam (Max Bonus)
Bonus payment should not less than Min Bonus.
For Rules you have to go through the Payment of Bonus Act 1965

Thanks Mr. Vinay M.
I have another one question.
whom is not eligible for bonus from salary point of view. like if any one salary in 25000/- ( Basic 15000, Hra 7500, DA 2500/- )

Dear Mukesh Singh
He is eligible if any one salary in 25000/- ( Basic 15000, Hra 7500, DA 2500/- )
But you have to pay as per the statutory rules only
In the above case Maximum he is eligible for Rs 8400/- p.a Bonus
(Rs 3500/- X 20% X 12 Months)