BONUS PAYMENT AMOUNT
This query is : Resolved
Quick Summary
Chahat Khanna
(Querist)
24 October 2024
Query resolved and deleted?
24 October 2024
No.
In 2010, the Supreme Court of India ruled that the calculation of bonus should be based on the minimum wages as stipulated under the Minimum Wages Act.
In 2010, the Supreme Court of India ruled that the calculation of bonus should be based on the minimum wages as stipulated under the Minimum Wages Act.
Chahat Khanna
(Querist)
25 October 2024
Query resolved and deleted.
25 October 2024
In fact actual salary cannot be lower of minimum wage.
Secondly why to calculate based on 12%, the bonus act says minimum bonus should be 8.33% while max. can be upto 20%.
Secondly why to calculate based on 12%, the bonus act says minimum bonus should be 8.33% while max. can be upto 20%.
Chahat Khanna
(Querist)
25 October 2024
Resolved and deleted.
Chahat Khanna
(Querist)
25 October 2024
Resolved and deleted.
25 October 2024
No need to pay more than minimum bonus of 8.33%, provided workers' union agrees to it.
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