dear All,
We are manufacturing unit in gurgaon. We want to know what is the latest bonus ciling amount as we have to pay bonus to our employees for the year 2010-11.
We are paying 10000.00 (ten thousand ) maximum.
We have heard that bonus ceiling is 6500.00 is it correct or not
Please update us
Sheena
From India, Delhi
5We are manufacturing unit in gurgaon. We want to know what is the latest bonus ciling amount as we have to pay bonus to our employees for the year 2010-11.
We are paying 10000.00 (ten thousand ) maximum.
We have heard that bonus ceiling is 6500.00 is it correct or not
Please update us
Sheena
From India, Delhi
Dear member,
Unable to understand your above information. However, an employee drawing upto 10000/- p.m. is entitled to get minimum bonus @8.33% which is calculated on 3500/-(291.55 means rs.292 per month) and normally paid upto 20% which comes to an amount rs.8400/(700 per month.). Till today, i don't have any information regarding change or ceiling, if any of the members of forum has any different or new information, please share.
regards,
From India, Delhi
Unable to understand your above information. However, an employee drawing upto 10000/- p.m. is entitled to get minimum bonus @8.33% which is calculated on 3500/-(291.55 means rs.292 per month) and normally paid upto 20% which comes to an amount rs.8400/(700 per month.). Till today, i don't have any information regarding change or ceiling, if any of the members of forum has any different or new information, please share.
regards,
From India, Delhi
Hi Sheena,
Earlier the minimum bonus ceiling was Maximum of Rs.3,500/- per year to be paid within completion of financial year i.e. March for the employees drawing salary / wages uo to Rs.6,500/- p.m. but from last year this ceiling was enhanced to salary / wages drawing up to Rs.10,000/- p.m. even if the company / firm do not have profit. The maximum is @ 20%. The time limit is 8 months i. e. 30th November hence you are already defaulted.
From India, New Delhi
Earlier the minimum bonus ceiling was Maximum of Rs.3,500/- per year to be paid within completion of financial year i.e. March for the employees drawing salary / wages uo to Rs.6,500/- p.m. but from last year this ceiling was enhanced to salary / wages drawing up to Rs.10,000/- p.m. even if the company / firm do not have profit. The maximum is @ 20%. The time limit is 8 months i. e. 30th November hence you are already defaulted.
From India, New Delhi
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.
BONUS CEILING LIMIT APPROVED.pdf
Amendment to Payment of Bonus Act 2015.jpg