Posts tagged "Bonus"

Bonus – New Limit

The new limit will be Rs. 15,000 basic as compared to the old 10,000 INR. The lower limit will be increased from 8.33 to 11%.

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Posted by Hrformats - October 15, 2011 at 11:59 AM

Categories: Acts   Tags:

Bonus in Companies

Bonus has to be paid at the rate of 8.33% of Basic as minimum and 20% of Basic as maximum. All those employees who are getting the Basic salary of upto Rs 10,000 per month are entitled to get Bonus. For the purpose of the calculation Bonus has to be paid on the maximum Basic of Rs 3500/-. e.g., if any employee is getting Basic salary in between Rs 3500 and 10,000 per month, he has to be paid the Bonus at the rate of 8.33% of Rs 3500/- as minimum or 20% of Rs 3500/- as maximum. But If he is getting basic salary less than Rs 3500/- he has to be paid Bonus on actual Basic.

 

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Posted by Hrformats - September 13, 2011 at 10:33 AM

Categories: Acts   Tags:

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

Categories: Acts   Tags:

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

Categories: Acts   Tags: , ,

Bonus Calculation

I am attaching bonus calculator which has formula in the excel sheet. All that you need to do is to put the month-wise attendance and the actual salary details.

Click Here To Download Bonus Calculation

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Posted by Hrformats - September 13, 2011 at 9:02 AM

Categories: HR   Tags: ,

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

Categories: Acts   Tags: , , , ,

Notice to Employee Unqualified for Christmas Bonus

Dear xxxxxxxxxxxxxx

Each of our employees who has been with our firm for a period of six months or more receives a Christmas bonus. Since you became a member of our sales department on August 1st, you will not be receiving a bonus this year.

I wanted to be sure that you understood this company policy prior to our disbursement of the holiday paychecks to avoid any misunderstanding or disappointment on your part.

We are very pleased with your work and while we would like to bend the rules, this would be unfair to all of our other personnel.

Click Here To Download Notice to Employee Unqualified for Christmas Bonus

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Posted by Hrformats - August 2, 2011 at 5:30 AM

Categories: HR   Tags: ,

Form D (Bonus Return)

Attach herewith Form D (Bonus return).

Click Here To Download Bonus Act-FORM-D

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Posted by Hrformats - May 13, 2011 at 10:30 AM

Categories: HR   Tags: ,

Forms realted to PF, ESI and Bonus

Please Find Attach forms realted to PF, ESI and Bonus.

Click Here To Download Statutory Forms

Search Sample Formats:

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Posted by Hrformats - May 13, 2011 at 10:20 AM

Categories: ESIC Challan, PF Challan   Tags: , ,