I agree with Mr. A Radhakrishna & Mr. P K Sharma.
The latest amendment has increased the Min. Bonus amount as well as the wages ceiling. In any case, min. Rs.7000/- to be paid as Bonus if not eligible for higher bonus.
From India, Thane
20The latest amendment has increased the Min. Bonus amount as well as the wages ceiling. In any case, min. Rs.7000/- to be paid as Bonus if not eligible for higher bonus.
From India, Thane
Hello Everyone,
I have joined as HR Executive recently. One employee has joined in August 2016. His salary is 12k(10k+2k). 2k is variables. That he will get after completion of his probation.Will he eligible for bonus? If yes, how much and When?? On this Diwali ? I don't know when my company is giving bonus? I have no idea about bonus. So please someone help me. If I have asked a silly question then please suggest me. Thanks in advance.
Regards,
Gayatri
From India, Cuttack
I have joined as HR Executive recently. One employee has joined in August 2016. His salary is 12k(10k+2k). 2k is variables. That he will get after completion of his probation.Will he eligible for bonus? If yes, how much and When?? On this Diwali ? I don't know when my company is giving bonus? I have no idea about bonus. So please someone help me. If I have asked a silly question then please suggest me. Thanks in advance.
Regards,
Gayatri
From India, Cuttack
Case 1: In case salary/wages below Rs7000/ if we will pay bonus as per actual wages,
Case 2: in case salary/ wages above Rs7000/ if will pay bonus as per minimum wages,
Then where we will put 7,000/-?
According to new amendment in bonus act it clearly says the payment of bonus will be on Rs7,000/- or minimum wages fixed by the appropriate government whichever is higher.
It is my perception and I request seniors to put some light on this.
From India, Bhubaneswar
Case 2: in case salary/ wages above Rs7000/ if will pay bonus as per minimum wages,
Then where we will put 7,000/-?
According to new amendment in bonus act it clearly says the payment of bonus will be on Rs7,000/- or minimum wages fixed by the appropriate government whichever is higher.
It is my perception and I request seniors to put some light on this.
From India, Bhubaneswar
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