Statuory bonus calculation as per bonus - CiteHR
Srinath Sai Ram
Hr Manager
+1 Other

Prime Sponsor - FactoHR.com - Payroll Software with GPS Enabled Attendance, Travel, Performance Management, HRMS. Explore Features
DEAR ALL,
IF WE PAID ANNUAL BONUS AS PER PRODUCTION BASE NOT AS PER PROFIT AND LOSS.IS IT REQUIRED FOR SUBMIT FORM-A AND FORM-B.
Thanx
Anil
Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
Dear Anil, you have to maintain Form A, B & C.The question of submitting Form-A&B does not arise until the same is called for by the Statutory Authority
Even if you pay production bonus, you have to pay bonus as provided in the act. No one can pay some amount ( production bonus in your case) as bonus amount. Productivity is base for production bonus; and it is not statutory. If your salary is linked to productivity, then yes.
Prime Sponsor - Talentedge.com "Interactive Anywhere Learning". Executive courses from top reputed institutes like IIM, XLRI, MICA. View Courses
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™