Maximum Limit For Calculation Of Bonus.... - DOC Download

Dear Forum members,
As per my knowledge the bonus calculation limit is Rs.3500/ basic per month. Plese help me out whether the limit has been increased or not. last year it was noticed in some news papers that the Govt. is considering to raise the limit.
Regards
RB

Dear RB,
This limit has not been increased so far.
Regards
R.N.KHLOA|Sr.ASSOCIATE|LL&IR|
SKYLARK ASSOCIATES|GURGAON|HARYANA|
Labour Law Consultants|Mobile:9810405361|

Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
Thanks.
R K Nair

Dear All,
Mr.R.K.N and Mr.R.N.K,
Thanks for your valuable inputs.
I am also enclosing the amendment notification and the bill for members reference.
S.Sethupathy
Excellent HR Services,
Erode.

Dear All
it was just draft bill its not yet published in Gazzete of India hence not applicable , current bonus ceiling of 3500 will continue till the publication of amendment in Bonus
Thanks
Sunil Nipurte
Mumbai

Pl let me know if the recommendations on enhancing the above limits have been accepted and accordingly has the amendment bill been passed.
Thanks,
Sastry

Would like to supplement as follows:
An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-
1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.
plz send me G.O. copy of above amemdment bill

Dear Sir,
In Bonus Calculation in industry (Manpower supplier), Bonus = Basic *8.33/100 OR Basic +Da *8.33/100
Kumar

Dear Sir,
Pls clarify
my staff Basic - 4365 and DA - 2582 = total 6947, in bonus - 6947*8.33% OR 4365 *8.33%
Reply me sir
kumar

Dear Senthil
It must be 3500 X 8.33% because the Basic or Basic+DA is exceed the limit of Rs.3500/-. Always the Bonus calculation is Basic + DA or the Minimum Salary (as per Minimum Wages Act) fixed by the appropriate government.