Payment Of Bonus Act 1965 IPCC Law

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IPCC
44 Points Posted on 01 November 2011

Hi all,

 

Just had a question...Is the ceiling of 3500 pm as salary for the computation of maximum 20% bonus also applicable in Sec. 31A i.e annual bonus to be paid linked to productivity?

 

Thanks!

 

Hoping for a speedy reply from fellow CCI members,

 

Arpit 

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On 01 November 2011 at 16:13 Report
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articled trainee
1477 Points Posted on 29 December 2011

i think the ceiling is increased to 10000 pm as per material .. but it is 3500 pm as per munish bhandaris book .... it is applicable

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On 29 December 2011 at 19:53

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