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Bonus

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 can anyone me confirm that the ceiling limit of bonus payable is minimum Rs 3500/- and maximum is Rs 8400/-. If yes, How?

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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
31 July 2013 I think there is no such ceiling.
.
As per Payment of Bonus Act Min Bonus is 8.33% and Max. Bonus is 20% of Salary. However you may refer Payment of Bonus Act. Follow the link
https://hrylabour.gov.in/docs/labourActpdfdocs/Payment_of_Bonus_Act.pdf
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