If there is 20% leftover from the previous bonus set ON, how much percent bonus should be given in the current year?

Anonymous

If there is 20% left over from previous bonus set ON, how much persent bonus should be given in current year
20th October 2020 From India, Delhi

Add Reply → Start New →

PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION

Umakanthan53

Labour Law & Hr Consultant

Chandel.thakur

umakanthan53

5970

When you calculate the allocable surplus for the purpose of bonus, you have to take the amount already set on also.
20th October 2020 From India, Salem

chandel.thakur

How much percentage bonus to be given, 8.33% and 20% when the factory is in loss in current year
20th October 2020 From India, Delhi

umakanthan53

5970

Certainly more than 8.33%, since you have to add the set off amount. However you can negotiate and arrive at a percentage less than 20%.
20th October 2020 From India, Salem

If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of Such Discussions in Future - Please Register and Log In to Cite Community.

Other Similar User Discussions On Cite.Co

Can an establishment be deemed to be newly set in case of a change in ownership for payment of bonus and the company was taken[..]

Employer asks to refund bonus equivalent paid in previous year

Related Files & Downloads Shared By Members

 Amendment to Payment of Bonus Act 2015.jpg

 Bonus act amendment gazette copy.pdf

 Bonus-amendment _206.doc

If there is 20% leftover from the previous bonus set ON, how much percent bonus should be given in the current year?

Login Or Register

If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of Such Discussions in Future - Please Register and Log In to Cite Community.