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2

hr executive
Bonus - Is it mandatory to give bonus if company in loss, what will be statutory requirement for it
From India, Jind
vmlakshminarayanan
309

Sr.Manager - HR&Admin
Hi, The statutory bonus amount of 8.33 % has to be paid. The law stipulates that even when the company makes a loss, it is obliged to pay a bonus of 8.33 %
From India, Madras
Madhu.T.K
3459

Industrial Relations and Labour Laws
For five years of formation, you need not pay bonus if you are at loss. At the same time, during this five years from the year in which you have made profit you have to pay bonus.This will continue even if you suffered loss in the next or subsequent year.
From India, Kannur
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