What will be the liability of principal employer if a contractor is paying only 8.33% bonus to his employees even if he is in profits and capable to make the bonus payment on 20% ?.
As per the Payment of Bonus Act, 1965 every employer (including contractor) should assess his financial capability of paying the bonus through Form A & B and the bonus percentage should be derived accordingly. But in majority of the cases contractors not even bother to make the Form A & B and pays the minimum bonus of 8.33%.
I will be really thankful If anyone can provide any judgement in this regards.
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