hiral@ashapura.com
Does bonus include customary bonus? Is Customary bonus adjustable against the statutory bonus ?
From India, Jamnagar
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Nanu1953
Ceo-usd Hr Solutions
Hiral@ashapura.com
Executive Hr

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nanu1953
278

As per Sec-17 of PB Act any organization can adjust the customary bonus with statutory bonus.

Customary bonus is very common in India. It is for different customs- Durga puja, Eid, Dewali, X-Mas etc. bonus are paid to employees. Moreover, there are lot of organizations who are paying bonus without considering available surplus, allocable surplus, set on & set off. That is also customary bonus.

We have one client who are paying bonus two months of Basic & DA without any upper limit which is also customary bonus.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531

USD HR Solutions – To Strive towards excellence with effort and integrity

From India, New Delhi

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