Dear Seniors, Should we calculate bonus according to fixed salary(basic + DA )or on the basis of actually paid salary (Basic +DA) to an employee?
From India, Mumbai
121From India, Mumbai
Dear Suhas,
Bonus calculation is on salary (with general components as basic+DA) upto Rs. 3,500. i.e. if the salary is below or equal to Rs. 3,500, the actual salary will be taken for bonus calculation. If it is above Rs. 3,500 and upto a maximum of Rs. 10,000; Rs. 3,500 will be the salary for bonus calculation. For salary above Rs. 10,000, there will not be any statutory claim for bonus.
Abbas.P.S
From India, Bangalore
Bonus calculation is on salary (with general components as basic+DA) upto Rs. 3,500. i.e. if the salary is below or equal to Rs. 3,500, the actual salary will be taken for bonus calculation. If it is above Rs. 3,500 and upto a maximum of Rs. 10,000; Rs. 3,500 will be the salary for bonus calculation. For salary above Rs. 10,000, there will not be any statutory claim for bonus.
Abbas.P.S
From India, Bangalore
Dear Suhas,
For Bonus calculation Basic plus DA are taken. Actual salary paid is taken into consideration below Rs.3500. Above salary Rs. 3500 only Rs.3500 is taken into consideration up-to Rs.10000. Above Rs 10000 salary there is no Bonus payable.
From India, Mumbai
For Bonus calculation Basic plus DA are taken. Actual salary paid is taken into consideration below Rs.3500. Above salary Rs. 3500 only Rs.3500 is taken into consideration up-to Rs.10000. Above Rs 10000 salary there is no Bonus payable.
From India, Mumbai
The salary, for the purpose of payment of Bonus, is consisted of Basic, DA and cash equivalent of the food concession provided to the employees, subject to the limits as described by Abbasiti in post #3.
The new limits, as pointed out by TD Jhadav in post #4 above, will soon be operative. These yet to be officially notified.
From India, Chandigarh
The new limits, as pointed out by TD Jhadav in post #4 above, will soon be operative. These yet to be officially notified.
From India, Chandigarh
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Hello Seniors.doc