Payment Of Bonus Act 1965 New Amendment Notification

I want to know the names of the components falling under salary/wage under Payment of Bonus Act 1965 to determine Rs.10,000\- as salary as per the amended act.

Hi,
Basic + DA(VDA and FDA) are two Components which we use for determining Rs.10000/- as Wages.
Regds
Surender Rawat

Hello all,
Thank you for info.
I just wanted to know further :
do we have to pay a bonus to our field - marketing staff when they are getting their special performance bonus based on the volume of sales they are putting up.
Pl. give your opinion/s
Thanks once again for the info.
Divyang
I will be happy

Dear Divyang,
The Bonus which is being discussed over is a statutory payment under the Payment of Bonus Act and the Performance Bonus which is based the volumes of the sales is entirley on the performance of the employee, it has nothing to do with Statutory Bonus payment, hence they have to be paid Bonus apart from the performance Bonus.

Is 8.33% standard percentage for calculating bonus.
if it is minimum than what is the max. who fix this percentage limits.
s.saravanan

Dear Saravanan,The maximum limit for the Bonus is 20%. The percentage of the same is fixed on the basis of the Allocable surplus of the organisation under the BONUS ACT.

Hi MY HR Collleagues,
In this Presentation for Bonus Act - 1965.
Its very useful reference to all HR Professionals:icon1::icon1::icon1::icon1:
Regards,
M.Narendra Rao Thesule
HR Dept
Glovis India (HMIL- Group)

Dear all,
This is the new amendment in Bonus Act,1965. Kindly find attachment.
Warm Regards
Anil Pol
93242 57125

Mr.Thesule
Your ppt presentation is an informtive one. But it is requested that how the bonus is calculated for an employee who is drawing Rs.10000/- as Basic Pay ???
Can you please explain this through Cite HR postings ?
K. Gopalakrishnan
HR Dept
KJI (HMIL Tier I supplier)

Under PF once the portion of Pension Amt is uncertained how does thr disbusement happens on what logic, pension amt is proportioned? If anybody can help in finding?