Eligibility criteria under bonus act is clear.
Rs. 10000/- p.m for eligibility &
Rs. 3500/- p.m for Bonus calculation.
My question is , like PF & ESI, does this have any minimum number requirement ?
CMA. Subhash Kumar Jha (General Manager - Finance) (8391 Points)
13 August 2010Eligibility criteria under bonus act is clear.
Rs. 10000/- p.m for eligibility &
Rs. 3500/- p.m for Bonus calculation.
My question is , like PF & ESI, does this have any minimum number requirement ?
Rahul Gupta
(Project Controller ACA MBA(Fin.))
(8014 Points)
Replied 13 August 2010
Mr. Jha, Please check this may be this would be your answer.
Short title, extent and application.—(1) This Act may be called the Payment of Bonus Act, 1965.
(2) It extends to the whole of India [* * *]2.
(3) Save as otherwise provided in this Act, it shall apply to —
(a) every factory; and
(b) every other establishment in which twenty or more persons are employed on any day during an accounting year.Source Link > https://labour.up.nic.in/labourcommissioner/payofbons65.htm
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 20 August 2010
Originally posted by : Rahul Gupta | ||
Mr. Jha, Please check this may be this would be your answer. Short title, extent and application.—(1) This Act may be called the Payment of Bonus Act, 1965. (2) It extends to the whole of India [* * *]2. (3) Save as otherwise provided in this Act, it shall apply to — (a) every factory; and (b) every other establishment in which twenty or more persons are employed on any day during an accounting year. Source Link > https://labour.up.nic.in/labourcommissioner/payofbons65.htm |
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 23 August 2010
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 23 August 2010
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