Dear All, What is state wise minimum wages rules for Bonus calculation of employees? Is this rule applicable for Non government company employees?
From India, Dhule
1From India, Dhule
Dear Rahul-Zope, There is no State wise minimum wage rule for Bonus calculation. As per POB Act, bonus is calculated on minimum wages fixed by the government or on 7000 whichever is higher.
From India, Mumbai
From India, Mumbai
Dear Rahul
As per the amendment on the Payment of Bonus Bill passed in 2015, when wages or salary exceeds ₹7000 or the minimum wages fixed by the government, bonus will be payable on ₹7000 or the minimum wages as fixed by govt., whichever is higher. What is Non Government Organization means.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
As per the amendment on the Payment of Bonus Bill passed in 2015, when wages or salary exceeds ₹7000 or the minimum wages fixed by the government, bonus will be payable on ₹7000 or the minimum wages as fixed by govt., whichever is higher. What is Non Government Organization means.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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Amendment to Payment of Bonus Act 2015.jpg
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