The payment of bonus act

Shyam Sadhon Banerjee (Querist) 21 August 2012 This query is : Resolved
An employee's salary(basic + DA)is 7000/- who as per sec. 10 earns 70,000/- Rs. as salary in a particular year. What will be his minimum bonus u/s 10 of the Act.

The term earned u/s 13 is not clear to me.

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Kirti Kar Tripathi (Expert) 22 August 2012
Under the Payment of Bonus Act the payment of bonus is payable to those employees whose salary/wages is not more than 10000/PM and amount of bonus is calculated treating his wages maximum as Rs. 3500/- P.M. Thus the employee whose wages is Rs. 7000/-P.M. is entitled for Bonus under the Act minimum bonus @ 8.33% under section 10 of the Act for rs. 3500/- Only.

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