27 June 2011
Section 12 says that where the salary or wage of an employee exceeds 10000 per month,the bonus payable to such employee shall be calculated as if his salary/wage were 10000..
What i'm asking is that; Is this not contradictory to the "Eligibility for Bonus" that says- to be eligible for bonus, salary/wage of an employee should not exceed 10000 p.m ? if a person is getting sal/wage more than 10000 how can he be eligible to get bonus..please explain..
CAclubindia
