Dear Forum members,
As per my knowledge the bonus calculation limit is Rs.3500/ basic per month. Plese help me out whether the limit has been increased or not. last year it was noticed in some news papers that the Govt. is considering to raise the limit.
Regards
RB
From India, New Delhi
1137As per my knowledge the bonus calculation limit is Rs.3500/ basic per month. Plese help me out whether the limit has been increased or not. last year it was noticed in some news papers that the Govt. is considering to raise the limit.
Regards
RB
From India, New Delhi
Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
Thanks.
R K Nair
From India, Aizawl
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
Thanks.
R K Nair
From India, Aizawl
Dear All, Mr.R.K.N and Mr.R.N.K, Thanks for your valuable inputs. I am also enclosing the amendment notification and the bill for members reference. S.Sethupathy Excellent HR Services, Erode.
From India, Coimbatore
From India, Coimbatore
Pl let me know if the recommendations on enhancing the above limits have been accepted and accordingly has the amendment bill been passed. Thanks, Sastry
From India, Bangalore
From India, Bangalore
Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
plz send me G.O. copy of above amemdment bill
From India, Bangalore
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
plz send me G.O. copy of above amemdment bill
From India, Bangalore
Dear Sir, In Bonus Calculation in industry (Manpower supplier), Bonus = Basic *8.33/100 OR Basic +Da *8.33/100 Kumar
From India, Chennai
From India, Chennai
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