hr@bulchee.co.in
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.

From India, Bengaluru
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Nanu1953
Ceo-usd Hr Solutions
Hr.krishnakumar
Manager (hr & Admin.)
Hr@bulchee.co.in
Hr And Admin

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hr.krishnakumar
12

The 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
nanu1953
288

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)


From India, New Delhi

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