Bonus Act
This query is : Resolved
12 August 2010
Hi
Is there is any maximum limit of salary/ wages under Bonus Act.....????
after which this act will not apply to the company.....
Acctually a IT sector company is not paying any employee less then 9000/- per month
so in that case Bonus Act apply to that company or not????
As per my knowledge there is no maximum limit of salary for applicability of act
but for computation of bonus only 3500/- will be taken
in that case Bonus act will apply to that comany
pls specify
m i correct???
thanks
Is there is any maximum limit of salary/ wages under Bonus Act.....????
after which this act will not apply to the company.....
Acctually a IT sector company is not paying any employee less then 9000/- per month
so in that case Bonus Act apply to that company or not????
As per my knowledge there is no maximum limit of salary for applicability of act
but for computation of bonus only 3500/- will be taken
in that case Bonus act will apply to that comany
pls specify
m i correct???
thanks
12 August 2010
For eligibility of bonus act : Salary limit is Rs. 10000/- per month &
For calculation of bonus : salary limit is 3500/- per month.
So in your case bonus act will apply.
For calculation of bonus : salary limit is 3500/- per month.
So in your case bonus act will apply.
sachin alwadhi
(Expert)
12 August 2010
AGREE
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