No Tags Found!

laxman k.
2

Dear Seniors,
The closing of accounts is on 31 December of each year and the same are placed before AGM in January. Now the bonus is to be paid within 8 months from the closure accounting year. For the purpose of IT , the books are closed on 31st March each year.
Kindly advise as to which month onward we should start counting 8 months and before end of which month we should the Bonus.
Regards
laxman

From India, Chicalim
dhanu_sam
1

You count 8 months from the date of Closing books of accounts. i.e. 31st March, every year.If your management ready to pay bonus before Nov. then there is no problem for employees, they celebrate Festival.
Kindly revert if agree.
Regards,
Dhananjay

From India, Mumbai
saiconsult
1898

Bonus must be paid within 8 months from the closing of the accounting year which in your case is 31st March. There fore the bonus must be paid within 8 months thereafter i.e between April to November.
B.Saikumar
HR & Labour Law advsior
Mumbai

From India, Mumbai
agbbrindha@gmail.com
10

since accounting year closes by March, whether v can pay bonus for the period april 2011 to March 2012. Plz correct me....
From India, Coimbatore
JAgdis L Trivedi
28

If Mangement want to take benifit of I T they have to pay in the month of August of each year J L Trivedi Ahmedabad
From India, Ahmadabad
Mukesh_WDU
Bonus should be paid within 8 month closing of accounts.
but remember it should be paid before submition of IT Return
as date of IT return is 30th sep
hence always make the payment before 30th sep
or it is better to make the payment of bonus end of Aug for safe side.

From India, Delhi
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.