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Search for "Will Bonus Payable If Branch Running Loss"


Is bonus payment a statutory benefit?
Hi all our s is a small firm having around 40 employees. we paid bonus for our employees in the first year and after that we have stopped it. is there any legal policy that bonus payment for the employees is compulsory?? what is the min and max amount of bonus to be paid. is the bonus calculated on basic or ctc or gross? as our management is showing that our company is running in loss to avoid taxes when we paid bonus in first year our auditors questioned that when the company is running in loss how could you pay bonus where it is open secret that it is running with full financial profits in this case if we get legal obligation in paying bonus is there any other provision where we can pay this amount to the employees? please clarify me sirisha reddy
Company running in loss, whether bonus should be paid to its employees.
A company which is running in loss is the company is bound to pay the bonus to its employees? please advise.
Bonus act - company is under the cash loss - whether bonus has to be paid or not?
Hi i m working as hr executive in a manufacturing industry. i have a doubt about bonus rule. our company is under the cash loss. but management is not ready to pay the bonus bcz company is in loss. kindly suggest. whether bonus has to be paid or not in this case. note : company is since 1987.
Bonus
Dear sir during my audit i am verifying the bonus payable for the year 2008 09 which is payable during the financial year 2009 10. please clarify my following doubts regarding bonus payable to employees. 1. who are eligible for getting bonus. 2. what is the minimum and maximum limits of salary for getting bonus. 3. what is the percentage of bonus. 4. is the bonus calculated on the basic or the gross salary which includes all type of allowances. 5. what is the calculation procedure of bonus. please clarify the above doubts as per the latest amendments i.e. amedments in relating to the above said financial year. please do the needful. thanks & regards chakravarthy tpsr
Payment of bonus act - am i liable to pay a bonus to my contract labor, eg. canteen staff, peons, drivers?
Hi i have two questions. i work for a service industry and engage in contract labor. the company is six years old and is lossmaking. my questions are 1 even though i am a lossmaking company am i liable to pay the minimum bonus of 8.33? if so can i pay for the back period now. this is our 7the year running 2 am i liable to pay a bonus to my contract labor eg. canteen staff peons drivers etc.
Bonus for small scale industry but under loss from 2 years.
Hello everyone. i am new to this forum and recently started as an hr executive. this is my first company and i am very new to factory issues. now the problem is its diwali and labour of our organization are asking for bonus. there are 7 labours and 15 staff out of which 10 has basicda more than 10000. so for remaining 5 staff members and 7 labours is it compulsory to give bonus? from past two years company is running under losses. please need expertise suggestion. santosh