The Key Changes In The Payment Of Bonus (Amendment),Act 2015
1. Effective April 1, 2014. Retrospective.
2. Eligible Salary (Basic) up to Rs.21000/- P.M.
3. The Bonus Calculation Ceiling Limit revised to Rs.7000/- Per Month Or The Minimum Wages For The Scheduled Employment, As Fixed By The Appropriate Government, Whichever Is Higher.
Now my query is if any employee is getting basic salary Rs. 8000/- P.M which is over the limit mentioned in the Minimum wages Act. As per the Minimum Wages he is to be paid Rs. 7500 P.M .
In the given situation on which amount bonus calculation will be done on Rs. 8,000/- or Rs. 7,500/- ?
Thanks
Mamta
1. Effective April 1, 2014. Retrospective.
2. Eligible Salary (Basic) up to Rs.21000/- P.M.
3. The Bonus Calculation Ceiling Limit revised to Rs.7000/- Per Month Or The Minimum Wages For The Scheduled Employment, As Fixed By The Appropriate Government, Whichever Is Higher.
Now my query is if any employee is getting basic salary Rs. 8000/- P.M which is over the limit mentioned in the Minimum wages Act. As per the Minimum Wages he is to be paid Rs. 7500 P.M .
In the given situation on which amount bonus calculation will be done on Rs. 8,000/- or Rs. 7,500/- ?
Thanks
Mamta