Dear Seniors,
Greeting!!!
Kindly Guide Me on Bonus on Below queries
1) Min Bonus ceiling is Rs 3500
2) Bonus Limit is 8.33 to 20 %
3) Bonus Eligibility is 3500-10000
In sec 10 mention that in wages & Salary bonus should 8.33%. What is Wages & Salary. Is it Minimum wages which worker withdraw or Rs 3500 Maximum.
if a person getting 9000 rs salary per month his bonus should calculate 8.33% on 3500 or 9000.
If person absent.for example in year working days 312 but worker done 304 days then below calculation is right or wrong
on 20% of Bonus 3500*20/100=700 Per Month
700/26*Present days
and are employer bound to pay 20%.
and how he calculate %age above 8.33
Waiting for your kind response.
Thanks & Regards
Jagdish
Greeting!!!
Kindly Guide Me on Bonus on Below queries
1) Min Bonus ceiling is Rs 3500
2) Bonus Limit is 8.33 to 20 %
3) Bonus Eligibility is 3500-10000
In sec 10 mention that in wages & Salary bonus should 8.33%. What is Wages & Salary. Is it Minimum wages which worker withdraw or Rs 3500 Maximum.
if a person getting 9000 rs salary per month his bonus should calculate 8.33% on 3500 or 9000.
If person absent.for example in year working days 312 but worker done 304 days then below calculation is right or wrong
on 20% of Bonus 3500*20/100=700 Per Month
700/26*Present days
and are employer bound to pay 20%.
and how he calculate %age above 8.33
Waiting for your kind response.
Thanks & Regards
Jagdish