Hi,
Please provide information regarding the following:
1. What is the latest amendment concerning the Ceiling of Bonus, i.e., what should be the minimum basic in order to give the bonus? (Is it Rs. 3500 or Rs. 5000)
2. Is bonus calculated on basic pay or gross? Or what is the basis for the calculation of bonus?
3. Are Fixed Term Contractual (FTC) employees for a one-year term (which is renewed every year) entitled to a bonus?
You are requested to reply soon as this is very urgent.
Regards,
Francis Palmer
From India, Calcutta
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Please provide information regarding the following:
1. What is the latest amendment concerning the Ceiling of Bonus, i.e., what should be the minimum basic in order to give the bonus? (Is it Rs. 3500 or Rs. 5000)
2. Is bonus calculated on basic pay or gross? Or what is the basis for the calculation of bonus?
3. Are Fixed Term Contractual (FTC) employees for a one-year term (which is renewed every year) entitled to a bonus?
You are requested to reply soon as this is very urgent.
Regards,
Francis Palmer
From India, Calcutta
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Hi,
Once an individual is appointed through the company, if they work for 30 days or more, the payment of a bonus is mandatory under the law. The salary ceiling limit has been increased to Rs 10,000, not Rs 5,000 as previously specified by you.
Regards,
R. Sudhakar
From India, Madras
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2Once an individual is appointed through the company, if they work for 30 days or more, the payment of a bonus is mandatory under the law. The salary ceiling limit has been increased to Rs 10,000, not Rs 5,000 as previously specified by you.
Regards,
R. Sudhakar
From India, Madras
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Dear employees,
Employees whose basic salary is up to $10,000 per month are entitled to receive a bonus. The bonus is calculated based on $3,500, which means the calculation is done using the $3,500 figure. All employees who have worked for more than 30 days are entitled to receive the bonus.
Thank you,
J. S. Malik
From India, Delhi
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Employees whose basic salary is up to $10,000 per month are entitled to receive a bonus. The bonus is calculated based on $3,500, which means the calculation is done using the $3,500 figure. All employees who have worked for more than 30 days are entitled to receive the bonus.
Thank you,
J. S. Malik
From India, Delhi
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Dear all,
Bonus is calculated on Earning basic + DA (Below 10,000) at 8.33% on Earning Basic + DA. The calculation is done on 3,500.
The employment of 20 or more persons on even one day in a year is sufficient to attract the provisions of the Act.
From India, Hyderabad
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Bonus is calculated on Earning basic + DA (Below 10,000) at 8.33% on Earning Basic + DA. The calculation is done on 3,500.
The employment of 20 or more persons on even one day in a year is sufficient to attract the provisions of the Act.
From India, Hyderabad
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Hello Sir, Iam drawing a salary of Rs.13000/- Gross per month. Am I eligible for getting bonus according to Act. If Iam eligible to what extent I can get bonus. Please let me know.
From India, Bangalore
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From India, Bangalore
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BONUS CALCULATION FOR W.B.Govt employee for 2010-2011.xls
Bonus act amendment gazette copy.pdf
Bonus Amendment.jpg