Bonus
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 November 2012
is it compulsory to pay bonus? Can I pay ex-gratia instead of bonus & what will be the penalty for non payment of bonus. what will if I pay incentive based bonus is there any breach of law or not? please guide me its urgent.
CA Prashant Gupta
(Expert)
06 November 2012
for a company it is compulsory to pay bonus. min 8.33% of basic every year under bonus act. it can be increased 20% depend on profit.
I don't think ex-gratia will cover this. you will need to pay bonus.
I don't think ex-gratia will cover this. you will need to pay bonus.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Reward for festival
- GSTR9 Annual Return
- Import of Capital Machine
- Gift to nri relatives resides in usa
- TDS Return Statement Status
- RCM and same line
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
