BONUS

This query is : Resolved

ANKUSH (Querist)
Follow

29 September 2009 IF EMPLOYEE SALARY MORE THAN RS 3500 THEN BONUS IS CALCULATE OF 3500.... THIS LIMIT IS CHANGED OR NOT .

PLZ REPLY ME

THANKS

ANIL JANGID

ANIL JANGID (Expert)
Follow

29 September 2009 Dear Aankush,

Bonus limit 3500 if salary higher than 3500 no change.This is statutory as per factory act.
If employer want to give more maximum bonus limit 20% of basic.

Thanks

(Anil Jangid)

Ankur Garg

Ankur Garg (Expert)
Follow

29 September 2009 Yes. Change. Please visit the link below to download bonus amendment (ordinance) 2007:

https://www.caclubindia.com/share_files/files_display.asp?files_id=11835

Upgrade to CAclubindia Pro. Subscribe Now!

Online classes for CA CS CMA