Regarding Bonus

This query is : Resolved

Anil Chavan (Querist)
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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

S.Srinivasaraghavan

S.Srinivasaraghavan (Expert)
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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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