Dear Seniors , could you please suggest that about bonus act when we take 1250 & when we take 8.33%
From India, New Delhi
2From India, New Delhi
Dear Archi, Your post is totally incomprehensible. What does the phrase actually mean " when we take 1250 & when we take 8.33% " ?
From India, Salem
From India, Salem
According To Bonus Act
Bonus Payable At Gross Salary, Gross Salary Will Be Less Than Or Equal To 21,000 Than Bonus Applicable.
Minimum 8.33% & Maximum 20% Of Minimum Wages Or Actual Basic.
If Basic Salary Less Than 7,000, Bonus Payable At 7,000
8.33% Of 7000
Or Any Percent Upto 20% Of 7,000
If Basic Greater Than 7000 Than First Of All We Will Consider Category (Un-Skilled, Semi-Skilled, Skilled, Highly Skilled) After That We Will Consider Minimum Wages Of That Category And Than We Will Pay Bonus On Minimum Wages Or Actual Basic.
Note : Gross Salary Not Exceed 21,000
From India, Noida
Bonus Payable At Gross Salary, Gross Salary Will Be Less Than Or Equal To 21,000 Than Bonus Applicable.
Minimum 8.33% & Maximum 20% Of Minimum Wages Or Actual Basic.
If Basic Salary Less Than 7,000, Bonus Payable At 7,000
8.33% Of 7000
Or Any Percent Upto 20% Of 7,000
If Basic Greater Than 7000 Than First Of All We Will Consider Category (Un-Skilled, Semi-Skilled, Skilled, Highly Skilled) After That We Will Consider Minimum Wages Of That Category And Than We Will Pay Bonus On Minimum Wages Or Actual Basic.
Note : Gross Salary Not Exceed 21,000
From India, Noida
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.