shribaskaran
Whether two slabs are allowable for Bonus calculation of same organization?
From India, Bangalore
shane.anderson99
Quiet possible , it depends upon the joining date of employees and then prevalent government rules. Also depends on Managements policies. Regards, Shane
From India, Calcutta
Prashant B Ingawale
467

In case of Stutory bonus you can not diiferentiate ( can not make 02 slabs) based on principle under Article 15 of Constitution of India.
Where the Statutory Bonus in not there you may make different slab as per your wish.

From India, Pune
tejaschikshe123
Dear All,
The Bonus payment is very sensitive issue.
But as per the act: the Bonus Payment and rules are as below:-
1) Bonus Should be calculate as from April to March of any year.
2) if a person joined in between, just calculate the = (salary/12)* No. of months working between April to March
3) Some companies have the Bonus is the Part of CTC of Employee.
If i am wrong anywhere please correct me.. will appreciate.
Thanks

From India, Mumbai
jaynarayan.modi
17

Dear All,
Now the days we are bonus calculating in CTC (cost to company) but before 4 to 5 years we calculated bonus behalf of the Company Profit which minimum 8.33% and Maximum 20% of Basic Rs. 3500 after completed financial year and reimbursed within 8 Month. This is actual reimbursement rule.
Thanks,
Regards
J.N.Modi

From India, New Delhi
abhishek_28may
Hi, An employee worked for 1.5 years and left 1 month before from Bonus month, can he be eligible for bonus? Regards Abhishek Jadhav
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.