Dear Team,
Please suggest the bonus calculation based on the UP minimum wage.
For instance, the skilled salary MW is Rs 13,120 (Basic+DA), and the total gross salary is Rs 18,500. How much will be the one-month 20% bonus?
- Basic+DA: 13,120 (2,624)
- Gross: 18,500 (3,700)
Please advise.
From India, Lucknow
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Please suggest the bonus calculation based on the UP minimum wage.
For instance, the skilled salary MW is Rs 13,120 (Basic+DA), and the total gross salary is Rs 18,500. How much will be the one-month 20% bonus?
- Basic+DA: 13,120 (2,624)
- Gross: 18,500 (3,700)
Please advise.
From India, Lucknow
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Hi Vivekanand Yadav,
The eligibility ceiling under the Bonus Act is Rs. 21,000, and the wage ceiling is Rs. 7,000 or the minimum wage, whichever is higher.
In this case, the minimum wage is Rs. 13,120; therefore, a 20% bonus will amount to Rs. 2,624.
Regards,
MVK
From India, Madras
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270The eligibility ceiling under the Bonus Act is Rs. 21,000, and the wage ceiling is Rs. 7,000 or the minimum wage, whichever is higher.
In this case, the minimum wage is Rs. 13,120; therefore, a 20% bonus will amount to Rs. 2,624.
Regards,
MVK
From India, Madras
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BONUS CALCULATION FOR W.B.Govt employee for 2010-2011.xls
Minimum Wage of UP & UK.pdf