bonus act applicable in 2nd accounting year?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 February 2011
hi is it necessary for a limited co. to give bonus to its employees according to bonus Act?
even if the co. is in its 2nd accounting year?
Pls do confirm, i hv read sumwhere its only after 5 years. is it so? pls clarify.
i m not able to understand from the act.
Thanks.
even if the co. is in its 2nd accounting year?
Pls do confirm, i hv read sumwhere its only after 5 years. is it so? pls clarify.
i m not able to understand from the act.
Thanks.
03 February 2011
Bonus is applicable since 1st year. Only payment is made after completion of Financial year.
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