if we get covered under section 31A of the Payment of Bonus Act where payment of annual bonus is linked with production or productivity and not linked with allocable surplus, do we required to calculate allocable surplus and maintain set on and set off registers ?
Regards;
tarsem singh
From India, New Delhi


In this senerio, the bonus will not be calculated allocable surplus. it shall be according to that settlement but subject to 20% only.
Regards
Sanjay Kumar
But in absence of any exemption, they shall be maintained.
Regards
if IT/Software company has more than 20 employee than it will be appplicable but the employee who eligible for getting bonus shall be whose salary is upto Rs 10000 or less than 100000( Basic +DA).
those Employee having more than Rs 10000(basic + DA) will out of preview of the Bonus Act.
From Ireland, Dublin