PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Ceo-usd Hr Solutions
Manager (hr & Admin.)
Hr And Admin
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
hr.krishnakumarThe company has to pay minimum bonus 8.33% i.e., Rs.7000/- or minimum wage applicable for your industry whichever is high.
From India, Hyderabad
As your Organisation is since 1987, please check whether there is any ""set on"" in bonus account. If not then as suggested by Krishnakumar , please go ahead with that. If there is no allocable surplus, the entire bonus amount will be considered as "set off"".
Thanks & regds.,
S K Bandyopadhyay(Howrah, WB)
From India, New Delhi