Dear Seniors, Company running from 30 years. due to financial problems present year’s bonus cannot be paid to employees, it is mandatory to pay the bonus every year or any exemption is there.
From India , Bangalore
1From India , Bangalore
As per Payment of Bonus Act, it is mandatory for a company to disburse bonus amount to its employees at minimum rate (8.33%), even if company is not financially sound enough
From India, Aizawl
From India, Aizawl
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Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc