Clarification On Payment Of Bonus (Amendment) Act 2015, Calculation

Dear Concern,

Please clarify for me the Bonus Calculation as per the Payment of Bonus (Amendment) Act 2015. Please clarify the following cases:

Cases for Bonus Calculation

S. No. Basic Min Wages Calculation?
1 6000 8554
2 9000 10374
3 20000 11414
4 9500 8500

Where do we have to consider Rs. 7000/-, Actual Basic/-, and where Minimum Wages for Bonus Calculation?

Thank & Regards,

Manoj Kumar

Dear Concern,

Please clarify for me the Bonus Calculation as per the Payment of Bonus (Amendment) Act 2015. Kindly clarify the following cases:

Cases for Bonus Calculation:

S. No. Basic Min Wages Calculation ?
1 6000 8554
2 9000 10374
3 20000 11414
4 9500 8500

Where do we have to consider Rs. 7000/-, Actual Basic/-, and where the Minimum Wages for Bonus Calculation?

Thank & Regards,
Manoj Kumar

As per the amended act, we need to calculate the bonus on Rs. 7000 or the minimum wages payable for the respective industry. Hence, if the minimum wages payable are greater than Rs. 7000, then the bonus is to be calculated on the minimum wages.

Regards,
Ravindranath

Dear Mr. Manoj Kumar,

You have to consider minimum wages for bonus calculation.

Regards,
Govind Pawar

Dear Concern,

In the above discussion, please clarify the following:

1. If the Basic salary is Rs. 6000/- and the Minimum Wages are Rs. 8554/-, do we have to consider the Minimum Wages (Rs. 8554/-) for Bonus calculation or Rs. 7000/-?

Thanks & Regards,
Manoj Kumar

Dear All,

Please refer to my blog for a detailed interpretation of the said Amendment: [Prakash Consultancy Services: Detail Explanation on the Amended Bonus Act 2015](http://blog.pcsmgmt.com/2016/01/detail-explanation-on-ammended-bonus.html)

Also, the Industry asks the Labour Minister to defer the amendment in the Bonus Act as Amended: [Prakash Consultancy Services: Industry asks Labour Minister to defer amendment in Bonus Act as Amended](http://blog.pcsmgmt.com/2016/01/industry-asks-labour-minister-to-defer.html)

Hi Friends!

My basic salary was Rs. 13,500, and my take-home pay was Rs. 24,470 in my last organization. I left that company on 8th Oct 2015. Am I eligible to receive my bonus for the last financial year or not? I am actually confused. Please let me know.

Thanks,
Neetu Sharma

Dear Neetu,

What is the total period you worked with your last organization?

According to the Payment of Bonus Act, 1965, Section 8, every employee shall be entitled to be paid by their employer in an accounting year bonus in accordance with the provisions of this Act, provided they have worked in the establishment for not less than thirty working days in that year.

You are eligible for a bonus for the years 2014-15 if there are no issues. It is clear.

Please, can anybody tell when the difference bonus is to be paid to all pertaining/eligible individuals? Is the difference payable from April 1, 2014?

Please clarify.

There are 2 conditions for the calculation of the bonus:

1. 7000
2. Minimum wages

I have two questions pertaining to the calculation of the bonus:

1. If the minimum wages are more than 7000/-
a. Minimum wages to be considered as on which date? 31st March or what?
b. Should the average of every month's minimum wage be considered?

Please advise.

Thanks & Regards,
Amit
Vadodara, Gujarat.

Dear all,

The amendment clearly indicates that you have to pay a minimum bonus of Rs. 7000/- or the minimum wages declared by the government in the scheduled employment, whichever is higher. Therefore, you have to pay a minimum bonus of Rs. 7000/- in any case. If the employee is drawing a salary higher than Rs. 7000/-, then the minimum wages declared by the government will be the maximum limit. Of course, proportionate deductions will be made based on attendance.