Statutory Bonus Limit

manish_nagale
Dear All
Who employee getting Basic Salary Less than 7000, then this employee eligible or not for statutory bonus.
If Eligible for statutory bonus, Then what rate applicable to employee.
abbasiti
Dear friends,
For a salary up to Rs. 21000/-, bonus applicable. Percentage of payment may vary from 8.33 to 20, depends upon the allocable surplus.
Abbas.P.S
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