Bonus Calculation Confusion in Maharashtra: Is It Based on Rs. 7000 or State Minimum Wages?

chint-sr
In Maharashtra, the bonus is calculated based on the base pay of Rs. 7000 or on the minimum wages as declared by the state.
umakanthan53
As per the amended provision of Section 12 of the Payment of Bonus Act, 1965, when the salary of an employee exceeds Rs. 7,000 per month, the bonus shall be calculated as if the salary is Rs. 7,000 only or the minimum wages fixed by the appropriate government under the Minimum Wages Act, 1948 for the employment, whichever is higher.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute