UNIT 21 PAYMENT OF BONUS ACT, 1965

UNIT 21 PAYMENT OF BONUS ACT, 1965 bonus formula Gratuity Calculation Formula ; Nn, The number of years you have worked in the concerned organisation ; Bb, Last drawn basic salary plus Dearness Allowance bonus share list Ex-gratia payment of bonus may be calculated by applying the bonus formula as mentioned below: Average TRCA X Number of days of bonus

bonus share list To impose statutory liability on employer to pay bonus to employees 2 To define payment of bonus as per the prescribed formula 3 Scheme of set-off and set

bonus share list 2024 In 1950, the Full Bench of the Labour Appellate Tribunal evolved a formula for determination of bonus A plea was made to raise that formula in 1959 At the Gratuity Calculation Formula ; Nn, The number of years you have worked in the concerned organisation ; Bb, Last drawn basic salary plus Dearness Allowance