Limit Of Bonus For Workers

Dear all
What is the limit of bonus to be paid to a worker whose basic is Rs.2500?

there is noting like min. bonus.
the minumum amount to be paid as bonus shld be 8.33% of basic + DA and max. to 20%.
The Minimum amount consider for calculation is 3500 and max. is 10,000.
But company can consider the basic+DA amount as per there compensation policy
Sr.'s pl revert it any correction required

Hi Frnds,
we are are leading placement consultant in Delhi NCR, We have tie up with more than 127 companies. We have 23 Franchise offices and 7 branch offices in 17 state in India. presently we required candidate for these position asap.
1 Hindustan Glass Pvt Ltd. (ITI Fitter)
2 Maruti (ITI Fitter, Welder)

Min. 8.33% and MAx. 20% of basic is a part of Bonus and this Basic's max. limit is Rs. 3500 also whose basic is less than 10000 is eligible for Bonus as per act. it means Bonus limit 8400 max. per year

Dear Vismata,
Have a Nice Day.
1. coverage-- 10000/p.m./30 days working
2.calculation on --3500/
3. 8.33 must be given
4. up to 20%
5 Employer can given more than 20%,its called ex-gr
Regards,
MM Yadav
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Dear all,
I want to know that some companies provide Bouns limit 8.33% & some like 20%. what is different between 8.33% % 20%. pls reply me immediately.
Thanks & Regards,
Vinod Bhatia
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Dear Bhatia,
Have Niace Day.
8.33% is must to be given by bonus act. After this , Its depand on Employer that how much He want to Given.
Its depand on company's profit also, but 8.33 will be given.ok
Redards,
MM Yadav
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