Query in bonus act - urgent
This query is : Resolved
14 November 2008
Hi,
What is bonus Vs Ex gratia.
Whether can i pay bonus at the rate of 16% when there is no allocable surplus i.e. 8.33% alone was required to be paid.whether can i call it exgratia.
Reply with authenticated case laws or references from Acts.
What is bonus Vs Ex gratia.
Whether can i pay bonus at the rate of 16% when there is no allocable surplus i.e. 8.33% alone was required to be paid.whether can i call it exgratia.
Reply with authenticated case laws or references from Acts.
14 November 2008
I think you have not understood the question my question is if u pay whether u call such excess payment as bonus or exgratia????
14 November 2008
Ex Gratia is not mandatory. Ex-Gratia is given to non-factory employees & to whom payment of bonus act in not applicable.
21 November 2008
Dear all,
my question would be made very clear ( i know what does exgratia mean) my question is bonus paid over and above the compulsion by law is whether a bonus or exgratia(ex: im in nil allocable surplus and i pay 20% bonus 8.33% is compelled by law whether the remaining 12.67% is exgratia or bonus)
p let me know about the set off calculation for this case
regards
my question would be made very clear ( i know what does exgratia mean) my question is bonus paid over and above the compulsion by law is whether a bonus or exgratia(ex: im in nil allocable surplus and i pay 20% bonus 8.33% is compelled by law whether the remaining 12.67% is exgratia or bonus)
p let me know about the set off calculation for this case
regards
27 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
