Dear Seniors,
if an employee get Rs.6500/-(basic3500/-,HRA2000/- and Con.1000/-) per month as salary, then what is bonus eligibility to that employee. Whether we have consider only basic for calculation or total amount. Minimum wage for that cadre is 6000/-.
From India, Hyderabad
1if an employee get Rs.6500/-(basic3500/-,HRA2000/- and Con.1000/-) per month as salary, then what is bonus eligibility to that employee. Whether we have consider only basic for calculation or total amount. Minimum wage for that cadre is 6000/-.
From India, Hyderabad
Bonus is Payable on Rs7,000/- or Minimum Wages applicble for the designation whichever is higher as per the Payment of Bonus Act, 1965. Further, please note that Basic Wages can not be rs3,500/- in any State for any Schedule Employment.Please frame your question based on Facts & figures.Definition of Salary for Bonus & Minimum Wages is Basic, Dearness Allowance or variable Dearness Allowance.For which Financial Year you are planning to pay Bonus.For which cadre Minimum wage is Rs6,000/- please Clarify & attach relevant Notification for perusal
From India, New Delhi
From India, New Delhi
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Bonus eligibility.xls
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf