Eligibility for getting bonus
This query is : Resolved
14 September 2013
Dear Sir,
My friend working as a employee in ICICi lombard general insurance. are they eligible to give any bonus to employees?
thanks and regards
My friend working as a employee in ICICi lombard general insurance. are they eligible to give any bonus to employees?
thanks and regards
14 September 2013
The person whose wages are upto 10000 is eligible for bonus. But amount of bonus is payable on Rs. 3500 only.
For example
(1) If the wages (Basic +DA) is below 3500 suppose 2500 the bonus is calculated on 2500
(2) If the wages (Basic+DA) is 3500, the bonus shall be calculated on 3500
(3) If the wages (Basic+DA) is more than 3500, suppose 3600, the bonus shall be calculated on 3500 only.
For example
(1) If the wages (Basic +DA) is below 3500 suppose 2500 the bonus is calculated on 2500
(2) If the wages (Basic+DA) is 3500, the bonus shall be calculated on 3500
(3) If the wages (Basic+DA) is more than 3500, suppose 3600, the bonus shall be calculated on 3500 only.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Procedure for claiming exemption in Article Ship for CA Course
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
