01. The revised limit for Bonus ACt is Rs.10,000 i.e any employee withdrawing a basic and DA. 02. 8.33% will be calculated on Allocable surplus and the minimum range is salry withdrwan or 10,000 whichever is less 03. if you really wanna know the exact fact of the provisions yu can get the copy of it by typing in google account. you will get it.
I got my doubt clarified except for the 2nd , If an employee is drawing a salary of Rs. 10,000/- then he is eligiable to get almost near to one month salary as bonus, (8.33 % of 12 month salary comes to 99.96). is it so ? or his salary limit to compute bonus has some prescribed limit.
CAclubindia
