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

vaishnav_fic
there is 2 conditions for calculation of bonus,
1. 7000
2. minimum wages
i have two questions pertaining to calculation of Bonus.
if minimum wages is more than 7000/-
a. minimum wages to be considered as on which date ? 31st March or what ?
b. average of everymonth's minimum wage to be considered ?
Please advise.
Thanks & Regards
Amit
Vadodara, Gujarat.
A L GUPTA
Dear all,
The amendment clearly indicates that you have to pay Min Bonus Rs. 7000/- or Min Wages declared by Govt. in the schedule employment whichever is higher. So you have to pay min bonus Rs. 7000/- in any case. If the employee is drawing salary more than Rs. 7000/- then Min Wages declared by Govt. will be the maximum limit. Of course proportionate deduction will be made based on attendance.
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