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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.
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3 answers
Employment
Posted on 30th Aug, 2018
Advocate
Answered on 30-Aug-18
Hi, You will get it on Minimum wage i.e. 12,000.
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Advocate
Answered on 30-Aug-18
Hi. Please be informed that Because gross is more than ceiling then no bonus eligibility.
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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
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