Payment of bonus

SARAVANA (Querist) 23 October 2018 This query is : Resolved
Whether bonus should be calculated from BASIC+DA or Gross salary

Follow Query

Report Abuse

KISHAN DUTT KALASKAR (Expert) 23 October 2018
Calculation of Bonus as per Bonus Act (Amendment of 2015)

If the gross earning of your employees is below Rs.21000 you are eligible to pay bonus. Calculation of bonus will be as follows:

If Basic+DA is below Rs.7000 then bonus will be calculated on the actual amount.
If Basic+DA is above Rs.7000 then the bonus will be calculated on Rs.7000.

https://www.saralpaypack.com/blogs/payment-of-bonus-act/

Please mark “LIKE” if satisfied by my answer.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now