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
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
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

From India, New Delhi

If you are knowledgeable about any other fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server