A employee get Basic + Da is Rs.12000/- then how to calculate the bonus for that employee as per act 8.33 who are get basic + da is below Rs.10000/- then he get bonus Rs.8400/- let clarified
From India, Vellore
Acknowledge(0)
Amend(0)
6From India, Vellore
Acknowledge(0)Amend(0)
whatever be the salary, minimum (8.33%) bonus will not cross Rs. 3500; as per the existing Bonus Act. Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
I have a query regarding the benchmark of INR 3500. Suppose an employee has a gross salary of 20,000. Will they be eligible for a bonus or not? Will INR 3500 be the maximum amount as a bonus any employee will receive?
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Bonus Eligibility and Calculation
An employee with a salary of Rs 12,000 per month (basic + DA) is not eligible for a bonus as per the Act.
An employee with a salary of Rs 10,000 per month will receive Rs 3,500 as the minimum bonus if they have no Leave Without Pay (LWP) at 8.33%.
Regards,
Varghese Mathew
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
An employee with a salary of Rs 12,000 per month (basic + DA) is not eligible for a bonus as per the Act.
An employee with a salary of Rs 10,000 per month will receive Rs 3,500 as the minimum bonus if they have no Leave Without Pay (LWP) at 8.33%.
Regards,
Varghese Mathew
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Employee's Compensation Act-2009.pdf
BONUS CALCULATION FOR W.B.Govt employee for 2010-2011.xls
THE EMPLOYEE COMPENSATION ACT.docx