himani-b1Can company pay advance bonus to its employees?
As under statutory act i.e. Payment of Gratuity Act, 1965 all the amount payable to an employee by way of bonus shall be paid in cash within a period of eight months from the closing of accounting year.
From India, Indore
KK!HRThere is nothing wrong in paying interim Bonus in advance, pending finalisation of accounts, but the final amount is to be paid by 30th November of the year.
From India, Mumbai