Dear Senior, If employee is on ESIC on leave of 45 days during financial year & we didn’t give him salary for this period then in this case can we reduce bonus of that employee of 45 days under Bonus provision under the act.
Please review & advice
From India, Haldwani
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30Please review & advice
From India, Haldwani
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Dear Vishal ji,
Bonus is calculated on the earned salary or wage as defined in the Act, i.e., basic + DA. The amount paid by ESI to IP during his ESI leave is not considered salary or wage as defined in the Act. Therefore, no bonus is calculated on the amount paid by ESI.
From India, Mumbai
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Bonus is calculated on the earned salary or wage as defined in the Act, i.e., basic + DA. The amount paid by ESI to IP during his ESI leave is not considered salary or wage as defined in the Act. Therefore, no bonus is calculated on the amount paid by ESI.
From India, Mumbai
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thanks for above mention same ..
Dear Sir,
This has reference to Bonus act ceiling limit ( 3500 to 10000 ), please advice -if company is providing Bonus on to all employee whose basic salary (Basic +VDA) more than 10000 as per previous practice from initially .
But now, management wants to change the previous pattern & practice because it is not as per Bonus act it is non-compliance .
Please on below points:-
1. Can be Disqualify employee (Staff & employee Union member, Manager& Executive) for Bonus whose getting wages (Basic+VDA) more than 10000.
2. Can we prepare Form C – Under Bonus provision after avoiding >10000 wages(basic+vda) employees.
3. Employee union member can be create issue because they were getting bonus from starting while they all were getting wages (basic+vda) more than ceiling limit(>10000).
If union member creates issue for the bonus then in this condition –what we should do, how we should advice them to avoid non-compliance of Bonus act.
Kindly review & advice for same.
From India, Haldwani
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Dear Sir,
This has reference to Bonus act ceiling limit ( 3500 to 10000 ), please advice -if company is providing Bonus on to all employee whose basic salary (Basic +VDA) more than 10000 as per previous practice from initially .
But now, management wants to change the previous pattern & practice because it is not as per Bonus act it is non-compliance .
Please on below points:-
1. Can be Disqualify employee (Staff & employee Union member, Manager& Executive) for Bonus whose getting wages (Basic+VDA) more than 10000.
2. Can we prepare Form C – Under Bonus provision after avoiding >10000 wages(basic+vda) employees.
3. Employee union member can be create issue because they were getting bonus from starting while they all were getting wages (basic+vda) more than ceiling limit(>10000).
If union member creates issue for the bonus then in this condition –what we should do, how we should advice them to avoid non-compliance of Bonus act.
Kindly review & advice for same.
From India, Haldwani
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Dear friend,
As per the Act, you have to pay the bonus up to the ceiling amount to the covered employees. If you are giving any amount to the employee, you have to consider all the employees. Therefore, if you are paying a bonus to the covered employees under the Bonus Act, you should also pay an ex-gratia amount to non-covered employees. This practice is followed by all companies.
Regards, Alphonse.
From India, Madras
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As per the Act, you have to pay the bonus up to the ceiling amount to the covered employees. If you are giving any amount to the employee, you have to consider all the employees. Therefore, if you are paying a bonus to the covered employees under the Bonus Act, you should also pay an ex-gratia amount to non-covered employees. This practice is followed by all companies.
Regards, Alphonse.
From India, Madras
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Dear Sir, Thanks for your reply . Apart from Bonus we also pay ex-Gratia at the time of Bonus distribution to all employees as per previous practice .
From India, Haldwani
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From India, Haldwani
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Dear Alphonse ji, Can you please let us know in which Act it is written that ex-gratia has to be given to those who are not falling under POB Act?
From India, Mumbai
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From India, Mumbai
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Exgratia is not statutory.But it is only justice that all the employee contributed for the performance of the company should get a reward for it.
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Sir, We are paying bonus to those employees whose basic salary is more than 10,000. Now is it valid to mention this amount in balance sheet or Bonus FORM C Regards Dinesh Kumar
From India, New Delhi
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From India, New Delhi
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
ESIC Calculation.zip