Dear all What is the limit of bonus to be paid to a worker whose basic is Rs.2500?
From India, Bangalore
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From India, Bangalore
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There is nothing like minimum bonus. The minimum amount to be paid as a bonus should be 8.33% of basic + DA and a maximum of 20%. The minimum amount considered for calculation is $3,500, and the maximum is $10,000. However, the company can consider the basic + DA amount as per their compensation policy. Senior's, please revert if any corrections are required.
From India, Ahmadabad
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1From India, Ahmadabad
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Min. 8.33% and Max. 20% of basic is a part of the bonus, and this basic's maximum limit is Rs. 3500. Also, those whose basic is less than 10,000 are eligible for a bonus as per the act. It means the bonus limit is a maximum of Rs. 8400 per year.
From India, Ahmadabad
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From India, Ahmadabad
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Dear Vismata,
Have a nice day.
1. Coverage - 10000/p.m./30 days working.
2. Calculation on - 3500/.
3. 8.33 must be given.
4. Up to 20%.
5. Employer can give more than 20%; it's called ex-gr.
Regards,
MM Yadav
From India, New Delhi
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Have a nice day.
1. Coverage - 10000/p.m./30 days working.
2. Calculation on - 3500/.
3. 8.33 must be given.
4. Up to 20%.
5. Employer can give more than 20%; it's called ex-gr.
Regards,
MM Yadav
From India, New Delhi
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Dear all,
I would like to inquire about companies that provide bonus limits of 8.33% and some that offer 20%. What is the difference between 8.33% and 20%? Please reply to me promptly.
Thanks and Regards,
Vinod Bhatia
E-Mail: vinod.kv05581@yahoo.com
From India, Ambur
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I would like to inquire about companies that provide bonus limits of 8.33% and some that offer 20%. What is the difference between 8.33% and 20%? Please reply to me promptly.
Thanks and Regards,
Vinod Bhatia
E-Mail: vinod.kv05581@yahoo.com
From India, Ambur
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