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How Statutory Bonus is calculated? Is it calculated on Basic+DA or Gross? - CiteHR

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How Statutory Bonus is calculated? Is it calculated on Basic+DA or Gross?


jinisha-nair
2
Can some explain how Statutory Bonus is calculated? Is it calculated on Basic+DA or Gross(which includes all allowances)? Please share an example.
From India
umakanthan53
5967
I would request the questioner to refer to the definition of the term " salary or wage " u/s 2(21), payment of minimum bonus u/s 10 and payment of maximum bonus u/s 11 of the Payment of Bonus Act,1965 respectively first and then raise any doubts relating to the calculation of statutory bonus.
From India, Salem
gaurav.mehta9211@gmail.com
12
If the minimum wages is less than 7000 thousand for example 6500 Rs. In this case which amount to be paid to employee for minimum bonus. Kindly suggest me in this regards
From India
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From: India
Views: 2364 Replies: 2 Appreciations: 3
09 May 2018 06.14.03 AM
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