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Companies deputing staffs to branches in other cities and paying them City Compensatory Allowances (CCA) depending on the classification of the City deputed-to will have to take into calculation the CCA for giving Bonus. No other allowance is included except DA & CCA.

Any coments?

No, my dear. Its the Employer's discretion. It may so happen that somewhere in between all those clauses in your employment bond, they might have also added this clause that if you are dismissed in between your bondage period for some misdemeanour then they will also recover the salary for the left-over period. So, please go through it thoroughly scrutinising each & every clause, word & sentence or take it to a proper lawyer as these are legal documents to always put you in a bind.

No, my dear. Its the Employer's discretion. It may so happen that somewhere in between all those clauses in your employment bond, they might have also added this clause that if you are dismissed in between your bondage period for some misdemeanour then they will also recover the salary for the left-over period. So, please go through it thoroughly scrutinising each & every clause, word & sentence or take it to a proper lawyer as these are legal documents to always put you in a bind.

Dear Mr. Mohan,

What Labour Dept. told is correct even though Many Establishments have started following these principles to save from year-ending Bonus blues. But, you can pay subject to reconcilliation with Bonus provisions declared for your Company.

Regards

Hi Joe!

EDLI i.e. Employees Deposit Linked Insurance Scheme is part of the PF Bouquet. So, statutory. Option is that you can tie up with LIC for the same & pay only 0.005% of total PF salary (maximum 6500. But if you pay to PF Office then pay @0.5% of total wages subject to a ceiling of Rs. 6500/- per month ( w.e.f. 1-06-2001 ) plus 0.01% is administration charges. No amount is recovered from employee's wages.

Ok.
Regards


November 29th is the D'day for Bonus. So, before that you have to pay Bonus. Bonus paid during a Financial year is actually paid for the previous finacial year. As you know a financial year is from 01/04 to 31/03.

Ok

Regards

From India , Calcutta
Bonus is payable but you have to take ceiling of Rs. 2500/- pm i.e. maximum Rs. 500/- per month can be paid as bonus. now you can calculate bonus as per No. of days employee has worked in each month.
From India , Pune
Dear Sir,
Nice & accurate reply, I hope that everyone now be clear reg. bonus
Dear Nitin,
Bonus Ceiling has been revised to Rs. 3500/-, from 2500/- and eligibility citeria is also revised from 3500/- to Rs. 10000/- (Basic+DA),wef 01/04/2007
Regds
Deepak
Dear Sir,
As per Act, Apr to Mar
Regds
Deepak

From India , Delhi
Hi,
I would like to know whether bonus is calculated on Basic salary or on the Gross Salary.
As per the provisions of the Payment of Bonus Act, if an employees whose salary is Rs.10000/- and below is eligible for bonus. does it mean 10K gross (inclusive of Basic, HRA, COnveyance, Medical and special allowance) or 10K as basic salary.
Regards,
YogitaK

From India , Mumbai
hai, Bonus is calculated for 1 year i.e. Apr- mar. We have 8 months to give that bonus. within 8 months that bonus should give.
From India , Madras
hi
I have a query regarding the bonus. if you observed the norms of the act, minimum payable bonus is 8.33% which is equalent to One month's salary (subjected to max Rs.3500.00) and coming to max why it is 20% only? Why donít we (govt.) go for 25% are 30% are etc, anyway it is (maximum) is depending on available or allocable surplus which is treated as one type of profit or shares to be distributed to employees.

i have few answers which required support with the same answers.

regards,
rajesh

From India , Mumbai
Hi, He is eligible to get bonus. Bonus Calculation : Basic + DA x 12 x bonus percentage declared 4000 x 12 x 8.33% (minimum 8.33) This is ok for you. Regards, Velmailv
From India, Coimbatore
Hi,
How we calculate bonus if emp getting basic and da 4000 and his gross salary is 10000. is he eligible? if yes then how we calculate
This may help you
we need to take it on 3500/- (basic)
ie 3500*12*8.33%

From India , Belgaum

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