Payment Of Bonus Act 1965 New Amendment Notification

I want to know the names of the components falling under salary/wage under Payment of Bonus Act 1965 to determine Rs.10,000\- as salary as per the amended act.
14th November 2007 From India

Hi, Basic + DA(VDA and FDA) are two Components which we use for determining Rs.10000/- as Wages. Regds Surender Rawat
14th November 2007 From United States, Salt Lake City

Hello all,
Thank you for info.
I just wanted to know further :
do we have to pay a bonus to our field - marketing staff when they are getting their special performance bonus based on the volume of sales they are putting up.
Pl. give your opinion/s
Thanks once again for the info.
Divyang
I will be happy
16th November 2007 From India, Vadodara

Dear Divyang,
The Bonus which is being discussed over is a statutory payment under the Payment of Bonus Act and the Performance Bonus which is based the volumes of the sales is entirley on the performance of the employee, it has nothing to do with Statutory Bonus payment, hence they have to be paid Bonus apart from the performance Bonus.

25th August 2008 From India, Delhi

Is 8.33% standard percentage for calculating bonus. if it is minimum than what is the max. who fix this percentage limits. s.saravanan
1st October 2008 From India, Madras

Dear Saravanan,The maximum limit for the Bonus is 20%. The percentage of the same is fixed on the basis of the Allocable surplus of the organisation under the BONUS ACT.
1st October 2008 From India, Delhi

Hi MY HR Collleagues,
In this Presentation for Bonus Act - 1965.
Its very useful reference to all HR Professionals:icon1::icon1::icon1::icon1:
Regards,
M.Narendra Rao Thesule
HR Dept
Glovis India (HMIL- Group)
9th October 2008 From India, Madras

Attached Files (Download Requires Membership)

Bonus Act - 1965 - 1.ppt (55.0 KB, 6098 views)

Dear all, This is the new amendment in Bonus Act,1965. Kindly find attachment. Warm Regards Anil Pol 93242 57125
2nd October 2010 From India, Mumbai

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Bonus.jpg (1.13 MB, 1008 views)

Mr.Thesule
Your ppt presentation is an informtive one. But it is requested that how the bonus is calculated for an employee who is drawing Rs.10000/- as Basic Pay ???
Can you please explain this through Cite HR postings ?
K. Gopalakrishnan
HR Dept
KJI (HMIL Tier I supplier)
5th October 2010 From India, Bangalore

Under PF once the portion of Pension Amt is uncertained how does thr disbusement happens on what logic, pension amt is proportioned? If anybody can help in finding?
7th October 2010