Understanding 'Salary/Wages' as per the Bonus Act
As per the Bonus Act, can anyone please explain the 'salary/wages' as per the Bonus Act? If an employee has a monthly salary of 25,000 INR, which is split into various allowances like BASIC, DA, fuel allowances, HRA, etc., is he eligible for a bonus? What is the correct interpretation of 'salary/wages' as per the Bonus Act? Although section 2(21) explains it, it is a bit unclear to me. Please support.
As per the Bonus Act, can anyone please explain the 'salary/wages' as per the Bonus Act? If an employee has a monthly salary of 25,000 INR, which is split into various allowances like BASIC, DA, fuel allowances, HRA, etc., is he eligible for a bonus? What is the correct interpretation of 'salary/wages' as per the Bonus Act? Although section 2(21) explains it, it is a bit unclear to me. Please support.