Bonus in act india

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The payment of bonus act will not apply to the following section of employees:

All bonuses are here!

There is no bonus applicable to employees having a basic salary of more than Rs 21,000. if working day is 70 & salary is below 18000 then what should be bonus amount according to 20% limit?? Siddharth is working as a Sales officer in one of the shops in Delhi. His basic salary is Rs. 18,000 per month. When an employee is not eligible for the statutory bonus, but the company wants to share the bonus, it can be given as ex-gratia.

how calculate my bonus over my salary 16000 Hi, See Payroll Software Formula: Basic Salary*20% = Bonus per month You can find the attachment on the Payment of Bonus Act, 1965 here.

You can find the attachment on the Payment of Bonus Act, 2015 here. New Update: Over a period of 20 years, Relyon with its “Saral” products has been striving to serve various industries to simplify the activities in Tax & efiling, Payroll & Accounts domain. With Saral PayPack, we provide you with the software and support that ties all these individual activities together so it works like a well-oiled machine. If the gross earning of your employees is below Rs.21000 you are eligible to pay a bonus. Calculation of bonus will be as follows:

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