Bonus
This query is : Resolved
10 October 2011
An employees in managerial position is getting Rs.50000/-, either he is eligible for bonus or not
12 October 2011
For those who draw upto Ts.10000.00 Bonus shall be payable.
New Delhi, Oct 1 : The Union Cabinet today amended the Bonus Act, 1965, thus raising the eligibility limit for payment of bonus from the salary or wage of 3, 500 rupees to 10,000 rupees per month.
Read more: http://www.andhranews.net/India/2007/October/1-Centre-raises-bonus-17622.asp#ixzz1aXQqfPsM
Above this limit it is only optional
New Delhi, Oct 1 : The Union Cabinet today amended the Bonus Act, 1965, thus raising the eligibility limit for payment of bonus from the salary or wage of 3, 500 rupees to 10,000 rupees per month.
Read more: http://www.andhranews.net/India/2007/October/1-Centre-raises-bonus-17622.asp#ixzz1aXQqfPsM
Above this limit it is only optional
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