Αποτελέσματα Αναζήτησης
Liability of paying bonus has to be determined only with reference to sections 10 and 11, i.e., the employer is bound to pay the minimum bonus of 4% of wages or the maximum bonus of 20% of wages in accounting year, as the case may be.
- Acts and Rules
The Building and Other Construction Works (RE & CE) Act,...
- Payment of Bonus Act
The Payment of Bonus Act, 1965 provides for a minimum bonus...
- Acts and Rules
30 Αυγ 2021 · Calculation for Bonus payable: (i) If the Monthly basic salary is equal to or less than 21000 , then bonus will be calculated on the actual amount using formula : Step 1. minimum wages of state as per employee skill category and 7000 which ever is lower;
13 Μαρ 2012 · Payment of Minimum Bonus : 8.33% of the salary or Rs.100 (on completion of 5 years after 1st Accounting year even if there is no profit). Sec. 10. Eligible Employees: – Employees drawing wages upto Rs.10000/- per month or less. For calculation purposes Rs.3500 per month maximum will be taken even if an employee is drawing upto Rs.3500 per month.
The Payment of Bonus Act, 1965 provides for a minimum bonus of 8.33 percent of wages. The salary limited fixed for eligibility purposes is Rs. 3,500 per month and the payment is subject to the stipulation that the bonus payable to employees drawing wages or salary not exceeded to Rs.10000 per month would be calculated as if their salary or ...
13.3K subscribers. 886. 47K views 3 years ago. This video is the 2nd Part of Payment of Bonus Act, in this video i have explained about the Bonus calculation Process in the correct way....
Bonus amount payable to an employee under this Act shall be paid in cash by his/her employer within a period of eight months from the close of the accounting year.
impose a statutory obligation on an employer of every establishment covered by the Act to pay bonus to employees in the establishment; lay down principle and formula for calculation of bonus; provide for payment of minimum and maximum bonus and linking the payment of bonus with the scheme of set-on and set-off; and.
