Is Bonus applicable mandatorily?

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Amit Deokule

Amit Deokule (Querist)
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21 June 2010 Dear All,

Is Bonus of 8.33 % applicable mandatoprily in any private company?

Regards,

Amit Deokule

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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21 June 2010 Check this link >>> https://www.caclubindia.com/forum/main-provisions-of-payment-of-bonus-act-1965-in-brief-88484.asp

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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21 June 2010 Yes.
Application of Payment of Bonus Act,1695

It applies to the entity as it shall apply to,-

(a) every factory; and

(b) every other establishment in which twenty or more persons are employed on any day during the year.

Ankur Garg

Ankur Garg (Expert)
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25 June 2010 Agree with Sanjay sir...

In case of industrial acts first it is important to check the applicability clause/section of the Act.

Regards

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