CHANGE IN BONUS RATE
This query is : Resolved
06 August 2009
I M WORKING IN EXPORT UNIT. THE COMPANY STATUS IS FIRM MORE THAN EIGHT YEARS THE BONUS RATE OF COMPANY IS 8.33 % BUT IN THE YEAR 2008-09 COMPANY CHANGE THE BONUS RATE FROM 8.33 TO 20 % . I WANT TO KNOW IS IT POSSIBLE FOR A FIRM AND A FIRM CAN CHANGE ITS BONUS RATE AS PER OWN WILL OR WHAT IS STATUORY REQUIREMENT TO CHANGE IN BONUS RATE
06 August 2009
As per rule bonus rates may vary from 8.33-20% without boundation. so its possi
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