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BONUS PAYMENT AMOUNT

This query is : Resolved 
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(Querist)
24 October 2024 Query resolved and deleted?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 October 2024 No.
In 2010, the Supreme Court of India ruled that the calculation of bonus should be based on the minimum wages as stipulated under the Minimum Wages Act.
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Chahat Khanna

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Chahat Khanna (Querist)
25 October 2024 Query resolved and deleted.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 October 2024 In fact actual salary cannot be lower of minimum wage.
Secondly why to calculate based on 12%, the bonus act says minimum bonus should be 8.33% while max. can be upto 20%.
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Chahat Khanna

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Chahat Khanna (Querist)
25 October 2024 Resolved and deleted.
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Chahat Khanna

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Chahat Khanna (Querist)
25 October 2024 Resolved and deleted.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 October 2024 No need to pay more than minimum bonus of 8.33%, provided workers' union agrees to it.
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