Regarding Bonus
This query is : Resolved
07 August 2008
Hi Sir
I have some confusion regarding the employee’s bonus.
Sir, Is it mandatory 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 employee’s bonus.
Sir, Is it mandatory 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
Bonus is computed as provided in Payment of Bonus Act. Yes min. bonus is applicable even when there is a loss.
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
- CLOSING STOCK QUERY
- TDS _Long term Capital Gain ref.sec 214 Table 2
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- Query regarding TDS on EPFO Higher Pension Arrears- under wrong section
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Traces submitting correction statement error
- Gst on travel by air for business purposes
- Rent claimed on building given on permissive possession basis
- DUE DATE FOR ITR FILING
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
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
