jagjitmalik.ssa
Is it mandatory to pay monthly bonus under bonus act? If yes, kindly provide the notification.
From India, Noida
Suresh Rathi
89

You may get your answer from https://www.excelconsultancyservices...Bonus/faqs.htm
From India, Delhi
Apex Management
157

Mr Malik,
Please note that payment of bonus is inked with the profitability of the establishment / factory and can be decided after compilation of annual accounts. The due date for payment is 8 months from the closing of financial year. However, if you wish to pay it on monthly, it is called the interim bonus which can be adjusted into payable bonus at the end.

From India, Delhi
vmhr@rediffmail.com
25

Mr. J. Malik,
There is another terminology which is called production incentive bonus payable on monthly basis. However, as stated by you it can be done either there is any agreement or policy in the company to pay advance bonus. But generally it is not practiced.
V.Murali

From India, Madipakkam
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.