Regarding Bonus
This query is : Resolved
Anil Chavan
(Querist)
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
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
08 August 2008
You can check with the Payment of Bonus Act, which is available in Share Files Folder.
S.Srinivasaraghavan
(Expert)
08 August 2008
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