I understand from the many posts here that Bonus calculation is on Basic plus DA..!
Can someone confirm the applicability oh Bonus Act.. I know its applicable more employees getting less than 15000. But is that 15,000 on gross or on Basic plus DA again??
From India, Bangalore
Can someone confirm the applicability oh Bonus Act.. I know its applicable more employees getting less than 15000. But is that 15,000 on gross or on Basic plus DA again??
From India, Bangalore
517
An employee drawing wages up to Rs.10000/-p.m is only eligible for bonus under the Payment of Bonus Act 1961 and bonus is to be calculated only on wages not exceeding Rs3500/-p.m and for the purpose of wages, only Basic + DA is to be taken into account.
B.Saikumar
Mumbai
From India, Mumbai
B.Saikumar
Mumbai
From India, Mumbai
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