As per Payment of Bonus Act, a minimum of 30 days should have been completed after joining to be eligible for Bonus. Regards
From India, Bangalore
3From India, Bangalore
Dear Anil Kumar ji, It would have been appreciated if any value addition is done. The point posted by you is already covered by me.
From India, Mumbai
From India, Mumbai
elgiblity of giving bonus is correct but here the question is if the company is making losses ,then what does the law say ,& what provision can be made should be suggested Jaithacker
From India, Bangalore
From India, Bangalore
Dear Mr. Jaithacker,
Bonus is at liberty to employees. Eventhough company is in loss, a minimum of 8.33% should be paid as a statutory liability. The provision is stipulated solely in terms of the appointment and any such bonus hitherto shall be entitled at its minimum even in case of company running at loss.
From India, Visakhapatnam
Bonus is at liberty to employees. Eventhough company is in loss, a minimum of 8.33% should be paid as a statutory liability. The provision is stipulated solely in terms of the appointment and any such bonus hitherto shall be entitled at its minimum even in case of company running at loss.
From India, Visakhapatnam
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Bonus eligibility.xls
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf