Regarding Bonus

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Anil Chavan (Querist)
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07 August 2008 Hi Sir

I have some confusion regarding the employees bonus.
Sir Is it mandetory to pay bonus to employee every year in any condition? If employee's basic salary is below 10000/- then minimum how much bonus have to pay by employer?
Can we consider a basic salary Rs 3500/-?
If company suffering from losses in that condition also employer have to pay bonus @ 8.33% on basic salary or it is not necessary to pay bonus to employee in case of loss?

Please Suggest Me.
How do I get info regarding above & which section of bonus act I have to refer.

Regards
Anil

CA Nallathambi Srinivasan

CA Nallathambi Srinivasan (Expert)
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08 August 2008 You can check with the Payment of Bonus Act, which is available in Share Files Folder.

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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08 August 2008 The question was already answered.

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