Bonus Act

This query is : Resolved 

08 March 2009 Is there any time limit but the resersal of the bonus provision made?
It is the policy of the company to pay the bonus amount in Diwali and if the left employees does not come at Diwali the bonus amount is not paid.
According to the Bonus Act, is it correct?

08 March 2009 Kindly pass a entry like this

Bonus a/c Debit *****

Employee A/c *********

(Being amt of Unpaid Bonus)


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