Bonus Act
This query is : Resolved
12 August 2010
Hi
Is there is any maximum limit of salary/ wages under Bonus Act.....????
after which this act will not apply to the company.....
Acctually a IT sector company is not paying any employee less then 9000/- per month
so in that case Bonus Act apply to that company or not????
As per my knowledge there is no maximum limit of salary for applicability of act
but for computation of bonus only 3500/- will be taken
in that case Bonus act will apply to that comany
pls specify
m i correct???
thanks
Is there is any maximum limit of salary/ wages under Bonus Act.....????
after which this act will not apply to the company.....
Acctually a IT sector company is not paying any employee less then 9000/- per month
so in that case Bonus Act apply to that company or not????
As per my knowledge there is no maximum limit of salary for applicability of act
but for computation of bonus only 3500/- will be taken
in that case Bonus act will apply to that comany
pls specify
m i correct???
thanks
12 August 2010
For eligibility of bonus act : Salary limit is Rs. 10000/- per month &
For calculation of bonus : salary limit is 3500/- per month.
So in your case bonus act will apply.
For calculation of bonus : salary limit is 3500/- per month.
So in your case bonus act will apply.
12 August 2010
AGREE
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
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- TDS Deducted AY-2013-14 Not Reflected in 26as
- NRI starting business in India
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- DIN reactivation
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
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
