Unpaid bonus
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 October 2013
What is the statutory treatment of unpaid bonus?
19 October 2013
Hi
If it is remained unpaid for three years then same should be remitted to Commissioner of Labour Welfare Fund after three years.
Thanks//VaibhavJ
If it is remained unpaid for three years then same should be remitted to Commissioner of Labour Welfare Fund after three years.
Thanks//VaibhavJ
CA Pallav Singhania
(Expert)
19 October 2013
Agree with Expert completely,
However, This period can vary from one year to three year depending upon the notification made by the State Government.
regards,
However, This period can vary from one year to three year depending upon the notification made by the State Government.
regards,
19 October 2013
Yes!!
Since Labour welfare fund vary from State to state, you need to check your states LWF Act.
Thanks
Since Labour welfare fund vary from State to state, you need to check your states LWF Act.
Thanks
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