Warning: preg_replace(): Empty regular expression in [path]/showthread.php on line 2381

Warning: preg_replace(): Empty regular expression in [path]/showthread.php on line 2381

Warning: preg_replace(): Empty regular expression in [path]/showthread.php on line 2381
Bonus [Thread 368887] - CiteHR

No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


R.P.Dixit
3

Dear Seniors
I have query regarding Bonus.
One employee has joined the Company on dt 27/02/2011 and he is working till date. but my Colleague (Who Handled Bonus) told us that he is not eligible for Bonus 2010-11 because he has not completed 30 working days in Financial 2010-11 even we have paid his full month Salary for the month of Mar-2011 and 2 days salary of Feb-11.
Therefore please give us the advise should he is eligible for Bonus of One Month or not?
Regards,
R.P.Dixit

From India, New Delhi
Sundar1959
66

If he is Staff and you process your salary based on 30 days attendance basis, yes he is eligible. Minimum bonus amount is Rs.100/- or at actuals whichever is higher. Sundararaman
From India, Madras
V. Balaji
100

Your past experience is nothing to do with receipt of Bonus.
To claim bonus
1. One must have worked for a minimum period of 30 days in a company during the bonus period.
2. Must have drawn wages (basic + DA) <= Rs.10,000/- p.m.
Rate of Bonus
==========
1. As per Bonus Act, it is minimum of 8.33% of his gross annual (basic + DA ) earnings
2. Ceiling on bonus is Rs.3500/- p.m. (or Rs.42,000 p.a.) currently.
2. It is discretion of management to pay more than the prescribed limit (i.e. 8.33%), or otherwise.
Therefore, whether you have 50 years experience or 30 years experience does not make difference here.
Balaji

From India, Madras
Sundar1959
66

Mr. Prakash - you will not be eligible for Bonus under the Payment of Bonus Act. But if your Managements just give you some token amount as a gesture - it is totally different.
From India, Madras
vivek.dhanbad
1

Dear Friend,
Some of the company calculate the amount of bonus based on the number of days present in the organization in the financial year.
Even if the employee is getting the basic of Rs.10000 then also the bonus will ne calculated on the basic of Rs.3500/- per month
E.g
Basic Rs3500
Month 12
Amount will be 3500 X 12 Rs 42000/-
8.33% is Rs.3500 of Rs.42000/-
Calculation
If company is paying 8.33% of bonus
Rs.3500/-
Total working day of the employee in the year 250 days
3500/365*250
The amount of Bonus will be Rs.2397/-
Accordingly you can calculate the Bonus range from 8.33 % to 20 %
With regards,
Vivek

From India, Barddhaman
amrutha.hr@gmail.com
hi
govipattu ji,
as per company policy wise, if u r in regular employee in ur present company u will get financial year wise bonus. even completion of 6 months u will also get regular month bouns. trainee will not eligible for bonus.
regards,
amrutha.

From India, Visakhapatnam
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.





About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.