pl let me know that the salary for eligibility of bonus Rs. 10000/- ( basic+Da)only or it include all allowance ie HRA,CA etcequal to 10000/-
From India, New Delhi
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3From India, New Delhi
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Dear Pandey, 1. Minimum eligibility: 30 days to work in an accounting year. 2. sealing Rs.3500/- Pm (basic+Da) 3. Min. 8.33%: MAx.20% Regards Venkat
From India, Hyderabad
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From India, Hyderabad
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Bonus calculatiaon is based on the financial year (April-March). Last date to settle/finalise bonus is Nov 30 (8 months after completion of fy) . . . . . . . . . Abbas.P.S
From India, Bangalore
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From India, Bangalore
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Basic dearness allowance, that is to say, all cash payment by whatever name called, paid to an employee on account of a rise in the cost of living. However, many allowances like family allowance, house rent allowance, ad-hoc, and tiffin allowance have been specifically held as not to be in the nature of dearness allowance.
The Bombay High Court has held that retention allowance paid to seasonal employees will be considered wages under the Act. Therefore, Basic + DA + RA is considered wage for the bonus.
From India, Mumbai
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The Bombay High Court has held that retention allowance paid to seasonal employees will be considered wages under the Act. Therefore, Basic + DA + RA is considered wage for the bonus.
From India, Mumbai
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BONUS CALCULATION FOR W.B.Govt employee for 2010-2011.xls
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf