Bonus - Is it mandatory to give bonus if company in loss, what will be statutory requirement for it
Cite.Co is a repository of information created by your industry peers and experienced seniors made possible with help from our prime sponsors like:

TALENTEDGE Who provide a platform for "interactive anywhere learning". Courses from top reputed institutes like IIM, XLRI, MICA. View Courses

FACTOHR - Provides Customised Payroll, GPS Enabled Attendance, Travel, Performance Management, HRMS that can help streamline your organisation. Explore Features

Register Here and help by adding your inputs. Contributions From Other Members Follow Below...
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 %
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.
Add Reply Start A New Discussion

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2019 Cite.Co™