My salary components include basic pay, dearness allowance, special pay, house rent allowance (HRA), and conveyance allowance. To calculate eligibility for a bonus, which components are included? Should special pay be considered for bonus calculation and PF calculation? Please provide reasons as well.
From India, Visakhapatnam
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From India, Visakhapatnam
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If your Gross Basic Salary + Dearness Allowance + variable Dearness Allowance is Rs 21,000/- and below, you come under the purview of The Payment of Bonus Act, 1965. Other allowances mentioned by you do not come under the definition of salary as per the Act.
From India, New Delhi
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631From India, New Delhi
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My basic pay is less than 10,000 and gross is above 21,000. Am I eligible for bonus?
From India, Bangalore
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From India, Bangalore
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SALARY SHEET CALCULATION.xls
Salary calculation.doc