Wage limit for bonus is 3500/- as rightly said.
But Further Please note : in case of an employee receving salary or wages between Rs. 2500/- and Rs. 3500/-; the bonus payable to him is to be calculated as if his salary or wages were Rs. 2500 PM only. Sec 12 . of Bonus Act
Regards
sudien
From India, Mumbai
1But Further Please note : in case of an employee receving salary or wages between Rs. 2500/- and Rs. 3500/-; the bonus payable to him is to be calculated as if his salary or wages were Rs. 2500 PM only. Sec 12 . of Bonus Act
Regards
sudien
From India, Mumbai
Dear All, can you please let me know, what is the minimum limit of wages for Bonus and what is the % which a company has to pay the the employees. Jagdish Pathak # 9811488664
From India, Gurgaon
From India, Gurgaon
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EPS - Wage Limit increase_01.09. 2014.pdf
ESIC Wage Limit Increased.JPG