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.
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.
Categories: Acts Tags: Act, Bonus, Eligibility
Shops & Establishment Act – West Bengal
West Bengal -Shops & Establishment Format.
Categories: Acts Tags: Establishment, Shops
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.
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.
Form 21- Annual Return Form
Find here with from 21 Annual Return form related with Labour Office.
Categories: Acts, Labour Laws Tags: Annual Return
Latest Minimum Wages Shops and Establishment
Find the attached updated Minimum Wages of Delhi!
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/-
Categories: Acts Tags: Gratuity Calculation
Factory Act Return
Please Find Attach the Form 21 & 22 under Factory Act.
Categories: Acts Tags: Factory Act
Labour Licence preparation & Procedure and forms
Attach herewith the Labour Licence preparation & Procedure and forms.