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bipin-mistry
Hello, Our Company is making losses since last two year, does Company need to pay Bonus.
From India
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Rkn61
Sr. Hr Manager
R.N.Khola
Labour Laws & Ir
Nanu1953
Ceo-usd Hr Solutions

rkn61
624

Even if your company is at loss, you will have to disburse the statutory minimum bonus to your employees.
From India, Aizawl
R.N.Khola
363

Dear Member,
If your company is covered under the Payment of Bonus Act, 1965 & is in infancy period then in that case of losses company is not required to pay any bonus to the employees. If you are out of infancy period then in that case if the company is even under losses then the company is required to pay minimum payable bonus to the covered employees for that accounting year.
Regards,
R N KHOLA

From India, Delhi
Suresh Rathi
89

If the company is 5 years old, bonus has to be paid Col.Rathi
From India, Delhi
nanu1953
334

If the Company is in infancy period as per PB Act and made loss - no need to pay bonus. If there is any profit (allocable surplus ) in between Infancy period Bonus has to be paid. Once it has been paid then even in between infancy period if there is any loss, bonus has to be paid at minimum rate (8.33%).

If the infancy period is over and there is loss, Minimum Bonus has to be paid.

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
bipin-mistry
Dear All, Thank you very much for your valuable time and valueable comments.
From India
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