Bonus
This query is : Resolved
nalinsarna
(Querist)
09 April 2012
Please clarify:
What should be the calculation salary for the purpose of Bonus for Empolyees whoose sly is upto Rs. 10,000/-:
1.Rs. 3,500/- Or Rs. 5000/-
2. Minimum 8.33% Or 11%
What should be the calculation salary for the purpose of Bonus for Empolyees whoose sly is upto Rs. 10,000/-:
1.Rs. 3,500/- Or Rs. 5000/-
2. Minimum 8.33% Or 11%
G.N.SENTHILKUMAR
(Expert)
09 April 2012
As per Labour Law 8.33% is mandate But paying more than that is according to the Management/company policy.
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