Menu
Percentage of bonus
can we reduce percentage of paying bonus from last years due to insufficient profits? for example if we are continuously paying bonus @ 20% in last 8-10 financial years. can we reduce the percentage of paying bonus to 8.33/16.66 from 20%?
Replies (2)
Yes you can Reduce the % of Bonus but under no circumstances you can go Below 8.33% Which is as per Bonus Act
Exactly
Recent Topic
- AIS UTILITY
- NPS Premature withdrawl -Tier 1 Account
- Provident fund taxation
- ITR3 AY 26-27 Error in filling status
- Queries on TDS as per IT
- Capital Gains set off on Sale of Land if held for
- ITR Form for income from freelance consultancy
- Gst rate for HSN code 28530010
- Health Insurance
- India GST Mobile App
Related Topics
CAclubindia
