Is Bonus applicable mandatorily?
This query is : Resolved
21 June 2010
Dear All,
Is Bonus of 8.33 % applicable mandatoprily in any private company?
Regards,
Amit Deokule
Is Bonus of 8.33 % applicable mandatoprily in any private company?
Regards,
Amit Deokule
21 June 2010
Check this link >>> https://www.caclubindia.com/forum/main-provisions-of-payment-of-bonus-act-1965-in-brief-88484.asp
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.
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.
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
In case of industrial acts first it is important to check the applicability clause/section of the Act.
Regards
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