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.
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