BONUS AND ESI ACT
This query is : Resolved
18 December 2007
wat is the minimum and maximum amount of wages on which PF and ESI shud be deducted...according to latest amendment?
18 December 2007
Bonus:
Salary Eligibility limit for payment of Bonus is now Rs 10000 and ceiling limit of bonus is to be calculated as if the salary is not more than Rs 3500 per month. Maximum percentage of bonus 20%.
ESI:
Employees drawing remuneration upto Rs 10000 p.m.
Salary Eligibility limit for payment of Bonus is now Rs 10000 and ceiling limit of bonus is to be calculated as if the salary is not more than Rs 3500 per month. Maximum percentage of bonus 20%.
ESI:
Employees drawing remuneration upto Rs 10000 p.m.
20 December 2007
A Minimum of 8% bonus must be paid even if there are not sufficeint profits or no profits.
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