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.
27th December 2018 From India, Bengaluru
The company has to pay minimum bonus 8.33% i.e., Rs.7000/- or minimum wage applicable for your industry whichever is high.
27th December 2018 From India, Hyderabad
Dear Lokesha,
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)
+91 98310 81531

27th December 2018 From India, New Delhi
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™