Bonus act

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2013 Hi good morning sir,
plz tell me allocable surplus of a co. exceeds 8.33% of salaries to their employees then whether it is mandatory for the co. to pay the bonus propotionately.
please advice me its urgent.
Thanks

16 June 2013 Yes. bonus act applicable mandatory to provide 8.33%


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