Company Manager may also be eligible to receive bonus if he is covered under the definition of the employee as shown in section 2(13) of The Payment of Bonus Act, 1965.
As per The Payment of Bonus Act minimum Bonus will be 8.33% min level up-to Rs. 3500/- & max level to Rs. 8400/- @20%.
Minimum 30 days is eligible for Employees for getting Bonus Amount.
West Bengal -Shops & Establishment Format.
Please find attached herewith all the formats as provided under the Payment of Bonus Rules.
Bonus is calculated on the basic salary. The minimum % to be given as bonus would be 8.33% and Maximum % would be 20%. Anything given above 20% is caled as exgratia payment.
Find here with from 21 Annual Return form related with Labour Office.
Find the attached updated Minimum Wages of Delhi!
As per the Indian Gratuity Act (Payment of Gratuity Act 1972), an employee should complete minimum 5 years in the organization to become eligible for gratuity. The training period of trainees /Apprentices appointed under the certified standing orders /Apprentice act will not be counted for determining the eligibility period.
Any recent amendments may be checked as I am not working in India currently.
The calculation of gratuity is given below : –
15 days salary to be given as gratuity for every completed years of service. 15 days will be calculated as detailed below
Gratuity = Monthly Salary/ 26 days x 15 days x No. of yrs. of service.
> 6 months is considered as one completed year of service; < 6 months is ignored.
Last drawn salary will comprise your Basic + DA+ commission (if it is fixed as % of sales turnover)
Max. Gratuity payable under the Act is Rs. 10, 00, 000/-
Please Find Attach the Form 21 & 22 under Factory Act.