Why Is My Company Cutting Bonuses for Employees Earning $15,000 and Up?

My company is stopping all employees' yearly bonuses for those earning $15,000 and above. I would like to understand how the bonus calculations work.

Thank you.

Please go through The Payment of Bonus Act, 1965 & relevant Rules. Employees whose basic+DA is Rs 21,000/- & below per month are eligible for Bonus under The Payment of Bonus Act, 1965. Please take up the matter with management regarding non-payment of Bonus for employees who are eligible for Bonus.

Dear friend, I would like to request you to make some efforts first on your own to go through the Enactment pertaining to the subject matter of your query. Such a self-attempt will enhance your understanding of the subject matter in its entirety as well as in relation to the situation that prompted your query.

Bonus for industrial employees

Bonus for industrial employees of a certain category is a statutory payment to be paid by the employers annually based on the performance of the establishment, subject to certain restrictions as per the Payment of Bonus Act, 1965. The ceiling of salary for employees eligible for a bonus has been gradually increased from Rs. 2500-00 p.m to Rs. 3500-00 to Rs. 10000-00 and now stands at Rs. 21000-00 p.m. effective from 01-04-2014. Similarly, the notional amount for the calculation of the bonus is restricted to Rs. 7000-00 p.m. Therefore, it is not clear to me how your management plans to stop the payment of a bonus to all employees earning above Rs. 15000-00 p.m.

Yes, according to the Bonus Act, the wage should be Rs. 19,000 basic.