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Financial Struggles: Is Your Company Obligated to Pay Bonuses Every Year?


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
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rkn61
651
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
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Related Files & Downloads Shared By Members
 Amendment to Payment of Bonus Act 2015.jpg
 Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
 THE PAYMENT OF BONUS ACT.doc


Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 633622)

India , Bangalore
07 April 2022 02.03.21 PM
Views: 2111 Replies: 1 Appreciations: 0

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