I have 10 employees. Can I pay Bonus to all, not exceeding Rs. 10,000 each, on a single day?
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Bonus payment in cash for employees
Replies (13)
Quick Summary
Yes .It can be done
Is there any ceiling limit for giving bonus per employee?
Is it statutory bonus or performance bonus ?
It is performance bonus, varying between Rs. 6500 to 8500 per employee.
The ceiling in question is of cash payments of Bonus exceeding Rs. 10000 limit, in total for 10 persons, on a single day
The limit is for per employee, per day
Thanks for the clarifications, Mr. Eswar.
Payment of bonus act section is pertinent.
But the cash payment per day comes under Income Tax Act
Let me give you the details of payment of bonus Act. Applicability of bonus payable to the employees. When an employer is eligible for payment of bonus?
The question is about cash payment per day ..
There is 10k per day per person limit.
Query is based on this
There is 10k per day per person limit.
Query is based on this
| Originally posted by : sabyasachi mukherjee | ||
 |
Let me give you the details of payment of bonus Act. Applicability of bonus payable to the employees. When an employer is eligible for payment of bonus? |  |
Once again, how is this in any way related to the query?
@ Manohar Sankaran
Hope your query is resolved
Hope your query is resolved
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