Acts

Bonus for Company GM

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.

 

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Posted by Hrformats - September 13, 2011 at 9:54 AM

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Bonus Act Eligibility

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.

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Posted by Hrformats - September 13, 2011 at 9:11 AM

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Shops & Establishment Act – West Bengal

West Bengal -Shops & Establishment Format.

Click Here To Download Shops & Establishment of Kolkata

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Posted by Hrformats - September 12, 2011 at 8:55 AM

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From A,B,C & D under Payment of Bonus Act

Please find attached herewith all the formats as provided under the Payment of Bonus Rules.

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Posted by Hrformats - September 8, 2011 at 7:06 AM

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Bonus Limit as per the Bonus Act

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.

Click Here To Download Form D Bonus Format

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Posted by Hrformats - September 8, 2011 at 6:58 AM

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Form 21- Annual Return Form

Find here with from 21 Annual Return form related with Labour Office.

Click Here To Download Form- 21 (Factory Act)

Search Sample Formats:

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Posted by Hrformats - September 7, 2011 at 10:01 AM

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Latest Minimum Wages Shops and Establishment

Find the attached updated Minimum Wages of Delhi!

Click Here To Download Delhi Minimum Wages

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Posted by Hrformats - September 3, 2011 at 11:43 AM

Categories: Acts, Wages   Tags: ,

Gratuity Calculation

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/-

Click Here To Download Gratuity Calculation

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Posted by Hrformats - September 3, 2011 at 10:37 AM

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Factory Act Return

Please Find Attach the Form 21 & 22 under Factory Act.

Click Here To Download Form 21 under F. act

Click Here To Download Form 22

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Posted by Hrformats - September 1, 2011 at 9:47 AM

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Labour Licence preparation & Procedure and forms

Attach herewith the Labour Licence preparation & Procedure and forms.

Click Here To Download Contract Labour Act,1970

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Posted by Hrformats - August 29, 2011 at 10:13 AM

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