Select Location

Bonus is calculated on Basic or gross salary?

As per the amendments of Bonus act 2015. Bonus is calculated on 7000(ceiling) or Minimum wages whichever is higher. Pls advice which one to consider for Bonus calculations in below mentioned eg. Basic - 7000 Gross - 14000 Govt limit - 7000 Minimum wage - 12000 thanks in advance.
0 likes
3 answers
Employment
Posted on 30-Aug-18
Advocate
Answered on 30-Aug-18
Hello Client, For Bonus purpose - defination of salary/wages includes following factors and not only Basic+DA, so please be aware it is not counted only on Basic and DA. It will be counted on your gross income. Percentage is to be decided by the organization as they make profit. Let me know incase of further clarification. Thanks
0 Comments
You need to be logged in to comment
Advocate
Answered on 30-Aug-18
Hi. Please be informed that Because gross is more than ceiling then no bonus eligibility.
0 Comments
You need to be logged in to comment
Advocate
Answered on 30-Aug-18
Hi, You will get it on Minimum wage i.e. 12,000.
0 Comments
You need to be logged in to comment

Related questions

ive been fired day before yesterday without notice no reason given and underpaid and they forced me to sign a contract in which it mentions we have no dues pending

i want them to pay for the stress ive been through after i lost my job and wanna get paid the salary i deserve
0 likes
0 answers
Employment
Posted on 26-Mar-25

Hi, want to check eligibility for severance pay and notice period pay after wrongful termination as a result of retaliation

Hi Team, I joined FYERS as VP - CS and sales on 16th jan'24 however they ended my employment suddenly on 5thApr'24 in retaliation since I reported continued hostile, intimidating and unprofessional behaviour by SR. Manager sales on 3rd Apr '24 in writing to VP -HR of FYERS. As a result FYERS moved one of my KYC process to another VP on 4th Apr and ended my employment on 5th Apr'24. They withdraw my access to all systems, emails and chat on 5th apr'24 itself and FYERS -HR send me a email that I have resigned and is not equired to be available in office for next 15 days of notice period when I haven't resigned till today from FYERS. When I questioned them and asked them to share my resignation. They created new story saying that I there was difference in expectation between them and myself about role. When I challenged that saying CEO himself was appreciating me and all. They said, I resigned since my performance was an issue during probation period of 3 months when they never issued any mail Or notice to me on my performance till today. They haven't paid me my notice period pay of 20 days for Apr'24 nor have paid me any severance pay which I requested nor have issued me any relieving letter. In fact they send me full and final payslip yesterday for Apr 24 showcasing LOP days -20 . What can I do in this case, pls guide.
0 likes
0 answers
Employment
Posted on 23-May-24

Wrong termination without even give the reason

Actually my wife is working with company since last 3.0 year and now company has immediately sue her and revoke her access to email and teams without intimating actually she has also joined office after 28 days by giving the birth of baby and she had supported the company in maternity time and joined the office early due to more pressure from employer good thing is she is having a very good performance in company still he fired from company
0 likes
0 answers
Employment
Posted on 27-Mar-24
Find the best lawyers/advocates and book legal services.