Dear All Who employee getting Basic Salary Less than 7000, then this employee eligible or not for statutory bonus. If Eligible for statutory bonus, Then what rate applicable to employee.
From Hong Kong, undefined
Dear friends, For a salary up to Rs. 21000/-, bonus applicable. Percentage of payment may vary from 8.33 to 20, depends upon the allocable surplus. Abbas.P.S
From India, Bangalore
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SC Judgment-No obligation to excess contribution than Statutory Limit.docx
No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf