logging in or signing up Payment of Bonus ACT vijayarajpc Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 11195 Category: Education License: All Rights Reserved Like it (15) Dislike it (3) Added: July 05, 2009 This Presentation is Public Favorites: 9 Presentation Description Labour Laws BONUS ACT in india Comments Posting comment... By: navandurai (8 month(s) ago) nice ppt i want that pls send this ppt on my mail.id navaabcom@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close By: navandurai (8 month(s) ago) nice ppt i want that pls send this ppt on my mail.id navaabcom@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close By: navandurai (8 month(s) ago) nice ppt i want that pls send me my mail.id navaabcom@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close By: adamareddy (10 month(s) ago) plz send this ppt on my mail id drjaganmohanreddy@gmail.com thanking you in anticipation Saving..... Post Reply Close Saving..... Edit Comment Close By: GILD26 (14 month(s) ago) plz sent this ppt on my mail id nehaatchat@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Payment Of Bonus Act,1965. : Payment Of Bonus Act,1965. Vijayarajan Skill Zone, Kannur. Mob: 9447014166 Applicability : Applicability Every factory or an establishment employing not less than 20 employees during an accounting year. The establishment once covered under the Act shall continue the coverage even if the number of employees falls below 20 subsequently. Employee : Employee Any person other than apprentice, engaged for hire or reward Includes supervisors Includes Managers. Includes all administrative staff. Includes a person who has worked not less than 30 days in an accounting year. But does not include any person whose salary exceeds 10000/- pm. Can a person drawing wages more than 10000 make a claim? : Can a person drawing wages more than 10000 make a claim? No. It is not maintainable under the Act. Maximum salary : Maximum salary Employees drawing salary upto Rs. 10000/- are eligible for Bonus. But their salary will be limited to Rs. 3500/- for the purpose of Bonus. Max and Min Bonus : Max and Min Bonus Maximum of 20% and Minimum of 8.33% of the Salary/ Wages. Maximum amount of Bonus is limited to Rs.84000/- (3500x12x20/100) Can Bonus be denied to an employee on the condition that on the day of declaration of Bonus he was not in employment ? : Can Bonus be denied to an employee on the condition that on the day of declaration of Bonus he was not in employment ? NO. It violates the provisions of Sec. 8 of the Act. Whether a Probationer is eligible for Bonus ? : Whether a Probationer is eligible for Bonus ? A probationer will be eligible for bonus as there is no exclusion in the definition of ‘employee’ under the Act. Forfeiture of Bonus. : Forfeiture of Bonus. Sec. 9.Bonus can be forfeited to an employee who has been dismissed from service on grounds of fraud, theft, misappropriation, or sabotage of any property of the establishment. You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
Payment of Bonus ACT vijayarajpc Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 11195 Category: Education License: All Rights Reserved Like it (15) Dislike it (3) Added: July 05, 2009 This Presentation is Public Favorites: 9 Presentation Description Labour Laws BONUS ACT in india Comments Posting comment... By: navandurai (8 month(s) ago) nice ppt i want that pls send this ppt on my mail.id navaabcom@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close By: navandurai (8 month(s) ago) nice ppt i want that pls send this ppt on my mail.id navaabcom@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close By: navandurai (8 month(s) ago) nice ppt i want that pls send me my mail.id navaabcom@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close By: adamareddy (10 month(s) ago) plz send this ppt on my mail id drjaganmohanreddy@gmail.com thanking you in anticipation Saving..... Post Reply Close Saving..... Edit Comment Close By: GILD26 (14 month(s) ago) plz sent this ppt on my mail id nehaatchat@gmail.com Saving..... Post Reply Close Saving..... Edit Comment Close loading.... See all Premium member Presentation Transcript Payment Of Bonus Act,1965. : Payment Of Bonus Act,1965. Vijayarajan Skill Zone, Kannur. Mob: 9447014166 Applicability : Applicability Every factory or an establishment employing not less than 20 employees during an accounting year. The establishment once covered under the Act shall continue the coverage even if the number of employees falls below 20 subsequently. Employee : Employee Any person other than apprentice, engaged for hire or reward Includes supervisors Includes Managers. Includes all administrative staff. Includes a person who has worked not less than 30 days in an accounting year. But does not include any person whose salary exceeds 10000/- pm. Can a person drawing wages more than 10000 make a claim? : Can a person drawing wages more than 10000 make a claim? No. It is not maintainable under the Act. Maximum salary : Maximum salary Employees drawing salary upto Rs. 10000/- are eligible for Bonus. But their salary will be limited to Rs. 3500/- for the purpose of Bonus. Max and Min Bonus : Max and Min Bonus Maximum of 20% and Minimum of 8.33% of the Salary/ Wages. Maximum amount of Bonus is limited to Rs.84000/- (3500x12x20/100) Can Bonus be denied to an employee on the condition that on the day of declaration of Bonus he was not in employment ? : Can Bonus be denied to an employee on the condition that on the day of declaration of Bonus he was not in employment ? NO. It violates the provisions of Sec. 8 of the Act. Whether a Probationer is eligible for Bonus ? : Whether a Probationer is eligible for Bonus ? A probationer will be eligible for bonus as there is no exclusion in the definition of ‘employee’ under the Act. Forfeiture of Bonus. : Forfeiture of Bonus. Sec. 9.Bonus can be forfeited to an employee who has been dismissed from service on grounds of fraud, theft, misappropriation, or sabotage of any property of the establishment.