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BONUS

Last post October 5, 2010 04:23 AM by kprasoon. 4 repiles.
November 16, 2009 11:16 AM 1
Total Posts: 7
Join Date: September 15, 2009
Rank: Beginner
Post Date: October 5, 2010
Posts: 7
Location: India

BONUS

Hi all,

We now just  crossed Diwali and disbursed huge amount as bonus, by most  of the employers.

Here, so many people have wrongly understood in the recent enactment, the bonus limitation has been increased to Rs.10000/-, which I feel sorry, which is not the case, i believe.

The Govt. is seriously considering the eligibility criteria instead of present Rs.3500/- to be enhanced to Rs.10000/-, because of which a person drawing a (basic+DA) salary more than Rs.3500/- also will be eligible for the minimum bonus of Rs.2500/-, by increasing this limitation, as per Govt. policy beneficieries will be more.

So far the bonus limit of Rs.2500/- has not been increased to Rs.10000/-, instead the salary limitation has been increased to Rs.10000/- i.e. whoever drawing salary upto Rs.10000/- are also coming under eligible category.

Regards

 

Varadharajen

 

 
November 17, 2009 04:462
kprasoon
Total Posts: 34
Join Date: September 15, 2009
Rank: Executive
Post Date: November 17, 2009
Points: 170
Location: India

Re: BONUS

Dear Mr. Varadharajen,

The present max limit for calculating the bonus is 3500/-.

Rs 10,000 is the eligibilty creteria (limit) for getting the benefit of bonus. Means employees getting salalry Rs 10,000 are eligilble for bonus but his bonus too will be calculated on thebasis of Rs 3500/- only

Kamal P
November 25, 2009 04:593
mayank1981
Total Posts: 3
Join Date: September 15, 2009
Rank: Beginner
Post Date: November 25, 2009
Points: 15
Location: India

Re: BONUS

R/sir,

I haven't got any notification regarding exceeding limit of bonus to 10,000/- yet may u make it clear when this modification is made.

 

Thanks

Dhanesh

Rajasthan
November 25, 2009 06:104
kumarlv
Total Posts: 2
Join Date: September 15, 2009
Rank: Beginner
Post Date: November 25, 2009
Points: 10
Location: India

Re: BONUS

Dear Mr. Dhanesh

I agree with your comment So far I have n't received any circular from govermet.

If any received please let circulate to everybody.

Regards
Venkat
December 13, 2009 04:405
harindra
Total Posts: 11
Join Date: September 15, 2009
Rank: Executive
Post Date: December 13, 2009
Points: 55
Location: India

Re: BONUS

Dear friends,

Bonus eligibility ceiling  & calculation ceiling has been enhanced from Rs.3500/- to Rs.10000/-  &  from Rs.2500/- to Rs.3500/- respectively, from the financial year 2006-07 that means employees drawing salary upto Rs.10000/- are eligible to get annual bonus calculated @ Rs.3500/- depending on the percentage arrive as A, B, C calculations under payment of bonus act.  You can get a copy of the enhancement notification from labour department.

Regards,
 
Harindra Gk
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