Statutory Benefits: These benefits are mandatory provided under the provisions of various Acts as discussed below: (i) The […] In this case, the job seeker received a hot skill bonus of Rs.
The bill also provides for a new proviso in Section 12, which empowers the central government to vary the basis of computing the bonus. But Basic should be capped at Rs 3500/- One classification may be in terms of statutory and voluntary benefits. Statutory bonus - it is taxable? The skill set was SAP. Bonuses posted anonymously by Accenture employees.
Thanks in advance.
You may get some additional bonus (Shopper’s Stop or Lifestyle gift vouchers) depending on the project. ADVERTISEMENTS: Various benefits provided to the employees may be classified on different bases. Also employee who is eligible for statutory bonus, his bonus is calculated @ minimum 8.33% or maximum @ 20% of Basic depending upon profitability of company. Previously employee having salary more than INR 10,000/month were not eligible which is now extended upto INR 21,000/month. Querist : Anonymous (Querist) 15 October 2011. 15 October 2011 Dear Experts, Is the bonus taxable under Income Tax Act, if yes under which section? 1,60,000. It means that any employee whose basic is less than or equal to 10,000 is only eligible for statutory bonus.
A free inside look at Accenture bonus trends based on 21,436 bonuses wages for 21,436 jobs at Accenture. The Payment of Bonus Act 1965 is applicable to every factory and other establishment in which 20 or more people are employed on any day during an accounting year. 15 October 2011 Salary include all pay, allowances, bonus, perquisites … 1. The Payment of Bonus Act of 1965 mandated establishments to pay an amount to their employees based on the company profitability each year. Various benefits provided to employees under these two categories are discussed hereunder. This query is : Resolved Report Abuse Follow Query Ask a Query . Now statutory bonus can vary from minimum 8.33% to maximum 20%.Hence your statutory bonus can be minimum 8.33% of B or maximum 20% of B. Accenture has a huge practice for SAP skill set and had tremendous onsite opportunity especially in the Europe region.
Raj Kumar Makkad (Expert) 15 October 2011 .
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