Bonus payable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2013 I a company the Bonus is paid to staff at certain percentage. Is there any Law stating the Bonus has to be paid to all staff at the same percentage declared to all. Is there any chance a employee need not be paid if he or she is in employement for more than 365 days.

Rupesh Jain

Rupesh Jain (Expert)
Follow

25 June 2013 normal co. pay bonus who's salary upto Rs. 10000/- Rs. 3500/- as bonus
emloyee who's salary over rs. 10000/-
no bonus will be as per bonus act.

Querist : Anonymous

Querist : Anonymous (Querist)

25 June 2013 no there is some guide lines as per labour law stating that Compnay need to pay the same % as paid to any employee. For Eg security agency we have apid as per the contract signed to them which is 8.33% of their gross. But the Seciurity agency contested with labour Dept to pay 20%. Which was aid to all employee @ 20%. The labour tribunal commissioner called upon us and told us to pay the same else the case will be taken up seriously. Then we had to convince the security and settled out of books.

My intention is there such law or is that the labour tribunal is using his powers to do so.

Upgrade to CAclubindia Pro. Subscribe Now!