Subject: Bonus Act query for Shops and establishment
Respected Sir/s,
Need your expert advice on the query related to the Bonus act.
We are 60 employees and registered under Shops and Establishment Act, Karnataka. There are 5 employees who come under the Bonus Act i.e. earning less than 21,000/-. For other employees we follow the Gross concept - wherein incentives or variables are not given.
Query 1: How is the allocable surplus to be considered? Is the entire amount only for 5 employees or they should get only a proportion based on the annual ctc of the employees.
Query 2: Re: New labour codes - are they implemented for Karnataka?
Thank you in advance.
Respected Sir/s,
Need your expert advice on the query related to the Bonus act.
We are 60 employees and registered under Shops and Establishment Act, Karnataka. There are 5 employees who come under the Bonus Act i.e. earning less than 21,000/-. For other employees we follow the Gross concept - wherein incentives or variables are not given.
Query 1: How is the allocable surplus to be considered? Is the entire amount only for 5 employees or they should get only a proportion based on the annual ctc of the employees.
Query 2: Re: New labour codes - are they implemented for Karnataka?
Thank you in advance.