If during the financial year salary of an employee crosses the threshold limit i.e. Rs10000,than still the employee will be covered by bonus act during the financial year or not?
SACHIN garg (ca ) (181 Points)
20 May 2011If during the financial year salary of an employee crosses the threshold limit i.e. Rs10000,than still the employee will be covered by bonus act during the financial year or not?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 22 May 2011
under bonus act, no bonus for employees over 10000/-
however its upto management if agree to pay, there is no bar, but act does not not make it eligible to employee
CAclubindia
