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bonus in case of salary breakup

1663 views 4 replies

abid

accountant

169 Points Joined August 2007

hi,

if a co. revise salary of its employees and the break up of salary twice (1 time in first Qtr. and second time in II Qtr.during the year) whether bonus will provide only as per basic salary or the co. may pay bonus more than one month salary. whether there are some restriction in amendments for second time in salary break up

Thanks and Regards

Abid Hussain

Replies (4)

Ravikumar.G

Consultant

18525 Points Joined March 2007

Bonus is not form part of salary. Bonus should be paid under "The Payment of Bonus Act, 1965".

Prakash Popat

3134 Points Joined June 2007

No specific restrictions

CMA Gul S

Program Manager

5910 Points Joined August 2007

As per the latest trend the bonus is dependent on your performance, As such there is not restriction on the bonus but this is to be given in sink with the Payment of the Bonus Act.

Rashmi Agrawal

Accountant

275 Points Joined September 2007

Since the Co. has revised the Salary Twice the Co. will pay Bonus as per the Revised Basic Salary which may or may not be more than previous one months' salary. There is no restriction in amendments for salary break up.