What do you mean by Festival Bonus? An employee of an establishment covered by Payment of Bonus Act, whose salary does not exceed Rs 21000 per months shall be entitled to minimum statutory bonus of 8.33% of the annual earned salary in the preceding financial yea...

What is the minimum festival bonus amount need to pay employees in Karnataka (yearly)?

Sir , agr koi employee financial year me last month join hua hai 26 days working k sath to kya is ek mhine ka bonus bnega usko dena pdega kya??????????

Hi, Good Afternoon, Hope you are doing well, We are calculating the bonus on minimum wages as per Bonus Act 7000 or minimum wages whichever is higher.We want clarification about the given bonus on minimum wages to all cadre like sup/operator/executives and manag...

Find solace in the fact that when you got incentive, there were others who had equally good record or even better performance, but didn't get the incentive.

I find myself in a situation where I received a retention bonus last year to match my salary. However, this fiscal year, the department's overall ratings decreased, and although I've been with the company for a year and received a promotion recommendation, the c...

Though statutory bonus is not payable for wages beyond Rs. 21,000/- as per Payment of Bonus Act 1965, there are many organisations that protect the same amount or pay a different amount as an incentive to the other employees. After all every body has contributed...

If the earned gross salary is more than Rs 21000, no bonus shall become payable to the employee. But if any part of the year had accounted for a wages of Rs 21000 or less than Rs 21000 the earned salary for that period will qualify for bonus. In respect of emplo...

Till 2021 I was getting a salary of x amount and an additional bonus in Diwali y amount. After April 2021 salary restructuring was done by the company. They just added a new component of advance statutory bonus and gave me only x amount. I am sure they are viola...

Section 8 of the Companies Act 2013 denotes that the company is for social and charitable purposes. But, the Payment of Bonus Act 1965 does not make any distinction for such types of organization. You have to pay the bonus as per the provisions of the Act.