WebJan 5, 2024 · As per section 36 (1) (ii) of the Act, any sum paid to an employee as bonus or commission for services rendered, where such sum would not have been payable to him … WebSep 21, 2024 · Every employee not drawing salary/wages beyond Rs. 21,000 per month who has worked for not less than 30 days in an accounting year, shall be eligible for bonus for a minimum of 8.33% of the salary/wages, even if there is loss in the establishment …

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WebAug 9, 2024 · Payment of Bonus (Maharashtra Amendment) Act, 2010 provides that All amounts payable to an employee by way of bonus under Payment of Bonus Act, 1965 … WebJun 28, 2024 · The bonus will be calculated as follows: If salary is equal to or less than Rs. 7,000, then the bonus will be calculated on the actual amount by using the formula: … in style furniture alhambra

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WebApplicable to: The Payment of Bonus Act is applicable to any establishment with 20 or more employees or any factory with 10 or more employees. Eligibility: Employees … WebThe minimum bonus will be 8.33% of the salary during the year, or. 100 rupees will be given in case of employees above 15 years and sixty rupees in the case of employees below … Webbonus etc. on the interim reliefs. It is the case of the petitioner that by quoting a letter dated 17.12.1996 of the Ministry of Labour, Government ... and it is applicable to the Company. S.6 of the Act provides for contribution by the Employer and Employee to the Provident Fund and that contribution is 6 1/4 percentum of the basic wages, dearness instyle fragrances bombshell