Dear Mr. Malik,
Thank you very much for your valuable response. I have a small query. If an employee is receiving Basic+DA INR 6000, will the bonus be calculated at 8.33% on 6000 or will they receive a fixed 3500?
Please help.
Regards,
Jagdish Pathak
# 9811488664
From India, Gurgaon
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49Thank you very much for your valuable response. I have a small query. If an employee is receiving Basic+DA INR 6000, will the bonus be calculated at 8.33% on 6000 or will they receive a fixed 3500?
Please help.
Regards,
Jagdish Pathak
# 9811488664
From India, Gurgaon
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Dear All,
Please read the attachment and inform me whether the bonus will be applicable on 3500/= or the actual salary (basic + DA) if it is above 3500/= and below 10,000/= since the limit has been increased up to 10,000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
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Please read the attachment and inform me whether the bonus will be applicable on 3500/= or the actual salary (basic + DA) if it is above 3500/= and below 10,000/= since the limit has been increased up to 10,000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
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Dear Jadish,
It is clearly mentioned in the attached file, i.e., in section 12 of the Payment of Bonus Act, that the bonus shall be calculated at ₹3500/-. Section 2(13) provides the definition of an employee under the said act. Every employee receiving wages not exceeding ₹10,000 per month is eligible to receive a bonus.
reebi
From India, Pune
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It is clearly mentioned in the attached file, i.e., in section 12 of the Payment of Bonus Act, that the bonus shall be calculated at ₹3500/-. Section 2(13) provides the definition of an employee under the said act. Every employee receiving wages not exceeding ₹10,000 per month is eligible to receive a bonus.
reebi
From India, Pune
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Dear All,
Please find attached "Bonus (amendment)". The limit has increased up to 10,000/=. Now, please suggest whether the bonus will be calculated on 3,500/= or basic + DA if it is 6,000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
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Please find attached "Bonus (amendment)". The limit has increased up to 10,000/=. Now, please suggest whether the bonus will be calculated on 3,500/= or basic + DA if it is 6,000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
Acknowledge(0)Amend(0)
Dear All,
Please find attached "Bonus (amendment)". The limit has increased up to 10,000/=. Now please suggest whether the bonus will be calculated on 3,500/= or basic + DA if it is 6,000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
Acknowledge(0)Amend(0)
Please find attached "Bonus (amendment)". The limit has increased up to 10,000/=. Now please suggest whether the bonus will be calculated on 3,500/= or basic + DA if it is 6,000/=.
Regards,
Jagdish Pathak
From India, Gurgaon
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Actually, there is no fixation of bonus, but as per government rules, the company must pay a bonus of 8.33% to the employees, whether the company is in profit or loss. From my knowledge, there are various employers who pay a bonus equivalent to the employee's salary (e.g., if it is Rs. 10,000/- or Rs. 15,000/- per month).
Meanwhile, there is also a rule for the fixation of bonus, which states that if the salary is above Rs. 3,500/- per month, then the bonus will be fixed at Rs. 3,500/- instead of 8.33% of the total salary.
From India, Bhopal
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Meanwhile, there is also a rule for the fixation of bonus, which states that if the salary is above Rs. 3,500/- per month, then the bonus will be fixed at Rs. 3,500/- instead of 8.33% of the total salary.
From India, Bhopal
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When both rules are present, i.e., either 8.33% or Rs. 3500/- (fixed), employers will consider their own benefit. If salary in all (consolidated) is above Rs. 3500/- (no bar), then the employer can fix the bonus as Rs. 3500/-. If the consolidated salary is below Rs. 3500/- per month, then a bonus at 8.33% will be applicable in such a situation.
From India, Bhopal
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From India, Bhopal
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Dear Jagdish,
If a person is getting 10,000/-, the bonus limit will be 3,500/- for 8.33%. If the management announces it for a 20% bonus, then you have to add that balance of 12.67%, making the payable limit 10,000/-.
Thanks & Regards
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If a person is getting 10,000/-, the bonus limit will be 3,500/- for 8.33%. If the management announces it for a 20% bonus, then you have to add that balance of 12.67%, making the payable limit 10,000/-.
Thanks & Regards
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Amendment to Payment of Bonus Act 2015.jpg
Payment of Bonus Act Amendment.pdf