Payment of bonus act

Preyas shah (Student) (24 Points)

26 September 2013

Dear sir,

i have a query in POBA 1965

Does the employer have to pay minimum bonus even when he is enjoying set-off of allocable surplus?

Relevant sections: sec 15 , sec 10, sec 11

any help is highly appreciated

thank you

Reply
Follow
Share

1 Replies

jakson (Accountant) (41 Points)
Replied 23 January 2014

You can check more information about bonus act, you can visit here- https://hrylabour.gov.in/docs/labourActpdfdocs/Payment_of_Bonus_Act.pdf. Generally in this act to provide far the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matters connected therewith.

Thank you.

911lawsuitloans