maximum payment limit of bonus
This query is : Resolved
11 June 2009
Dear All,
i would like to know what is the maximum payment limit of bonus for a hotel industry and who is entitled to get bonus and in which head the payment above the maximum limit should be shown.
i would like to know what is the maximum payment limit of bonus for a hotel industry and who is entitled to get bonus and in which head the payment above the maximum limit should be shown.
CA Nitin Wadhwani
(Expert)
11 June 2009
1.20%
2.All those employees whose salary is less than 10,000/-.
2.The amount should be debited to Bonus to Employess A/c.
2.All those employees whose salary is less than 10,000/-.
2.The amount should be debited to Bonus to Employess A/c.
Ankur Garg
(Expert)
12 June 2009
Agree.
Read section 11 of payment of bonus act, 1965.
Read section 11 of payment of bonus act, 1965.
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