CWPL
My query regarding Payment of Bonus. As per new amendment ceiling for Bonus payment increased up to Rs.21000/-. My query is, is there any restrictions if employer wants to pay Bonus to employees getting more than the new ceiling also, as per the act ?
Or any other way to pay bonus to those who are getting more pay ? Pl clarify ... thanks.,

From India, Ahmedabad
PL Kanthan
20

Since it is a Welfare measure for the employees, no authority has any restrictions if employer pays bonus to his employee whose mw is more than 21000. Govt is only concerned that eligible workers should not be deprived of the provision.
Good going,

From India, Thane
umakanthan53
6016

Dear Friend,
Computing the bonus payable by taking all the heads of salary or paying bonus at a rate higher than the maximum rate is the discretion of the management. Only shortcoming is that the management can not claim tax concession on the excess amount so paid.

From India, Salem
SUBRAMANIAN GOPALAKRISHNAN
6

Dear CWPL An employer can pay to the employees whose salary exceeds Rs 21000/- but it can not be accounted under the head Bonus. This payment can be accounted as Ex-Gratia.
From India, Patiala
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.