Understanding India's Revised Bonus Notification: What Does It Mean for You?

nobal prabha kishor

Hello, all.

Find herewith the Notification of the Government of India regarding the Bonus (revised) with effect from 01.04.2014.

Nobal

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Bhakti3m

Can anyone tell me if Basic + DA is higher than 7000, then how will we calculate the bonus?

For example, if Basic + DA equals 7400 + 3857 = 11257, then the bonus for a particular month is 11257 x 8.33% = 938, or 7000 x 8.33% = 583.

Please let me know.

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