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Bonus eligibility - if an employee's Basic+DA is revised in middle of the year?


Dear Sirs, I came to know an employee who drawn Rs.10000 and below (Basic+DA) is eligible for bonus as per act. But if an employee's Basic+DA is revised in middle of the year, for (eg: from Rs.9000 to Rs.11000), is he eligible for Bonus or not? if yes how to calculate the Bonus ?
From India, Mumbai
Dear Advaithi,
Bonus is statutory till the employee draw a salary of above Rs. 10,000. For example in a financial year, for 6 months salary is Rs. 10, 000 or below and for the rest 6 months salary is above Rs. 10,000; statutory eligibility is 50% of the total year.
Abbas.P.S
From India, Bangalore
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India, Tiruppur
12 September 2015 04.37.04 AM
Views: 1455 Replies: 1 Appreciations: 1
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