Thank you sir for such videos. I am an HR student and I found it really helpful. My Concepts are cleared now. The benefit of watching these videos is it saves my time. Very short and accurate.
I think it's not maximum 7K. It should be , case 1 - minimum 7K or minimum wages whichever is higher and case 2- if minimum wages is lower than basic+DA then bonus wl be on MW. (As per bonus act,as per my opinion)
Thankyou sir.. Plz tell us, what if Bonus act is not applicable to employees though it is applicable to business but still business is paying bonus to those also who are not supposed to get bonus n showing it in it PL A/c.. And also what about employees whose monthly sal. are not fixed i.e, employees getting variable pay.
The information on bonus is very useful. We have paid this year 20% bonus to our workers. Also I look forward to your presentation on IR Code bill 2020 with rules especially on the trade union and other aspects with regard to outside leaders and their role.
You people are angel for Hr people thank you..... Please make vedeo for HR Master data and what information can be kept in master and how many types of reports can be generated for management reporting.
EPFO announced on dated 29-05-2018 that Rate of Administration Charges (0.65%) will be reduce to 0.50% w.e.f. 1st June 2018. In which subject to minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month establishment for other establishments. Ref: MoL&E Notification No. S.O. 2011 (E) dated 21st May, 2018.
@labour Law Advisor One labor law consultant told me that Bonus should be paid at Gross salary now. You have mentioned Bonus calculation at "Basic+DA" = Gross. So what should I understand that in your example, gross salary is divided in only two heads? i.e. "Basic + DA"; that means his/her gross salary is 7000 & if there was other heads those also would be included or what? Please clarify.
Are contractual employees or 3rd party pay roll employees eligible for bonus ?? Who is responsible principal employer or Contractor. Please give the Act link.......
1 sir theatre trust me eak post hoti hai stage hand enka kariya hota hai stage me light fokad karna kartan up and dwon karna vings lagana parti ki choto badi required to pura karna a warkar kis katagree me and chiye
For the first 5 years, organizations need not pay bonus if they have made losses. If they have made profits in any year in the first 5-year period, they will have to pay out bonus for that particular year. After the completion of 5 years, organizations are required to pay bonus as per Sec 16-1b, irrespective of whether they are making a profit or loss. Refer to section 16-1b for detailed clarifications on the calculation of bonus in the 6th accounting year and the 10th accounting year. What's your say???
Is it not correct, that there are several Supreme Court's judgments around the payment of bonus even if the organization is not making any profit? Need your comment.
Please re check Excel last workings .limit of government minimum 7k ,so why calculated on 7k ,if basic salary above 7k,bonus is calculated on basic which is more
I loved the video a lot 👍. As you mentioned in the of video that Excel link will be attached in comments but I didn't get it. Can you please share that Excel link? 🙏
As per payment of bonus rule only employer earning more than 21k is not eligible for bonus? Why some employer still paying? Can a employee earning more than 21k seek bonus?
Dear Sir, I want to know about bonus calculation (seven thousand rupees or the minimum wage for the scheduled employment). we can calculate the bonus on bases of un-skill, semi-skill, skilled & high-skill or not. kindly reply me..
If a employee's salary increased in a particular month during thr year which cross the wage limit of Rs 21000, he / she will get bonus for that months ( wages below 21000 )/ whole year ?
My question suppose in any case min wadges is less then I have to take 7k as an Basic or gross ? If Gross then what will be the Basic on which I can calculate?? Please revert?
Sir mai jis factory me kam karta hoon woh factory wale bol Rahe Hain ki agle saal se ham bouns nahi de ge to hame kya karna cahiye hmara pf be kat Raha lakin Jo 7000 bouns milta thaa woo bi nahi dege
Pranam sir hum ek security agancy me kam karrahahu mera thankha 11000 , hum 8th Jun 2023 se kam suru kiya is Durga puja me hum bonus ki hwkdar hy ki nehi sir please batayenge
Sir aapse request hai ki plz sir ek video company Gregwati par bhi plz baniye aur sir apna no bhi plz mantion kariye ki hum log aapse baat kar sake thank sir
Ek baat kahoon sir aapke excell me ek jagah par ye $,$ is tarah ki ek formula laga hua to ye formula lagane ke liye mujhe excell sheet mein kaha dhundna parega.
Hello sir.. i have one query.. my company h 4 verticals.. one unit is having profit but others are not having profit.. can a company only pay bonus of 20% to profit earning unit and less to other unit. Complete Balance sheet is showing profit
Mere company me 20 se Kam employee hai employer pays bonus to all whose salary is above 21000 or less.company is always in profit and and company' is 15 years old.please tell me if a employee is terminated before a month of Diwali then is he eligible for bonus in his full and final settlement.If company does not pay bonus only that terminated employee then he can claim it to labour commissioner?Though the employer pays bonus for the last 10 years.
very helpful video. i have one question, is it that the minimum wages for particular state over ride the wage limit of Rs.7000/- prescibed under payment of bonus act? also is there any register to be maintained under this act ?
