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Kapil Dev Gupta (Chartered Accountants) (60 Points)

30 August 2008  
A employee whose salary is Rs. 9500/- per month how much bonus he will get.

 2 Replies

S.Srinivasaraghavan (Chief Financial Officer and Co)   (11318 Points)
Replied 30 August 2008

The maximum bonus as per payment of bonus Act, to an eligible employee who has crossed salary of Rs 3500, but not crossed Rs 10000, is Rs 8400.

narendra khandelwal (service) (204 Points)
Replied 30 August 2008

what if comapny pays bonus more than  Rs 8400 per employee.

will it be disallowed in income tax

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