The skill set was SAP. One classification may be in terms of statutory and voluntary benefits. Raj Kumar Makkad (Expert) 15 October 2011 . 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. 15 October 2011 Dear Experts, Is the bonus taxable under Income Tax Act, if yes under which section? Accenture has a huge practice for SAP skill set and had tremendous onsite opportunity especially in the Europe region. 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 of 1965 mandated establishments to pay an amount to their employees based on the company profitability each year.
Previously employee having salary more than INR 10,000/month were not eligible which is now extended upto INR 21,000/month. Various benefits provided to employees under these two categories are discussed hereunder. Bonuses posted anonymously by Accenture employees. 1. Statutory Benefits: These benefits are mandatory provided under the provisions of various Acts as discussed below: (i) The […] 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. 15 October 2011 Salary include all pay, allowances, bonus, perquisites … You may get some additional bonus (Shopper’s Stop or Lifestyle gift vouchers) depending on the project.

The bill also provides for a new proviso in Section 12, which empowers the central government to vary the basis of computing the bonus. 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. But Basic should be capped at Rs 3500/- Statutory bonus - it is taxable? Querist : Anonymous (Querist) 15 October 2011. ADVERTISEMENTS: Various benefits provided to the employees may be classified on different bases.

This query is : Resolved Report Abuse Follow Query Ask a Query . It means that any employee whose basic is less than or equal to 10,000 is only eligible for statutory bonus. In this case, the job seeker received a hot skill bonus of Rs. Thanks in advance. 1,60,000.