Bonus act, 1965
KANWALJIT SINGH (cs) (29 Points)
27 March 2017KANWALJIT SINGH (cs) (29 Points)
27 March 2017
NEHA AGARWAL
(MANAGER ACCOUNTS & FINANCE)
(44 Points)
Replied 27 March 2017
Person having salary more than Rs. 21000/- is not eligible for Bonus @ 8.33%. instead of it company can provide performance bonus on his own choice.
any minimum bonus will be 8.33% of Rs. minimum wages of Rs. 7000/- if salary is lower than Rs. 21000/-....
KANWALJIT SINGH
(cs)
(29 Points)
Replied 27 March 2017
if salary is 15000 then we will calculate bonus as per 15000 pm or minimum ceiling 7000/- pm
KANWALJIT SINGH
(cs)
(29 Points)
Replied 27 March 2017
Originally posted by : NEHA AGARWAL | ||
Person having salary more than Rs. 21000/- is not eligible for Bonus @ 8.33%. instead of it company can provide performance bonus on his own choice. any minimum bonus will be 8.33% of Rs. minimum wages of Rs. 7000/- if salary is lower than Rs. 21000/-.... |
NEHA AGARWAL
(MANAGER ACCOUNTS & FINANCE)
(44 Points)
Replied 28 March 2017
YES KANWALJIT YOU ARE RIGHT........... BUT IT IS MAXIMUM LIMIT............ WE HAVE TO PAY MINIMUM BONUS OF 8.33% OF RS. 84000/- I.E. 6997/-
Rahul Babhale
(article)
(55 Points)
Replied 04 April 2017
IF WAGES LESS THAN 7000 THEN HOW TO CALCULATE BONUS? PLS
KANWALJIT SINGH
(cs)
(29 Points)
Replied 05 April 2017
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"