Hi,
Can any one clarify the calculation of bonus in following conditions for Delhi State:-
1. Basic is 6000 then (Please elaborate calculation method) .
2. Basic is 18000 then (Please elaborate calculation method).
As per new amendment in bonus act, bonus will be based on maximum ceiling of wages of Rs. 7000 or Minimum wages of State Government (Whichever is higher). As a example, if any one is having basic 10,000 in Delhi & as per Delhi Statement Government, minimum wages is 14000 then calculation will be consider on the base of 14000 ? Please suggest is it correct or not.
From India, Chennai
Can any one clarify the calculation of bonus in following conditions for Delhi State:-
1. Basic is 6000 then (Please elaborate calculation method) .
2. Basic is 18000 then (Please elaborate calculation method).
As per new amendment in bonus act, bonus will be based on maximum ceiling of wages of Rs. 7000 or Minimum wages of State Government (Whichever is higher). As a example, if any one is having basic 10,000 in Delhi & as per Delhi Statement Government, minimum wages is 14000 then calculation will be consider on the base of 14000 ? Please suggest is it correct or not.
From India, Chennai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf