Payment of Bonus Act
This query is : Resolved
27 June 2011
Section 12 says that where the salary or wage of an employee exceeds 10000 per month,the bonus payable to such employee shall be calculated as if his salary/wage were 10000..
What i'm asking is that; Is this not contradictory to the "Eligibility for Bonus" that says- to be eligible for bonus, salary/wage of an employee should not exceed 10000 p.m ? if a person is getting sal/wage more than 10000 how can he be eligible to get bonus..please explain..
Thank you
What i'm asking is that; Is this not contradictory to the "Eligibility for Bonus" that says- to be eligible for bonus, salary/wage of an employee should not exceed 10000 p.m ? if a person is getting sal/wage more than 10000 how can he be eligible to get bonus..please explain..
Thank you
04 July 2011
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