Hi All,
I have posted this query in other thread but didn’t get any response.I have few more doubts about Payment of Bonus Act:
I have posted this query in other thread but didn’t get any response.I have few more doubts about Payment of Bonus Act:
- Penalty of non payment of bonus is 6months imprisonment or fine up to 1000 as per the Act….is it the updated one?
- Which department is responsible for maintaining register or record for available or allocable surplus? Is it HR or Accounts?
- Is it acceptable if a company pays 8.33% of 3500 to employees who’s basic is less than 10,000 without maintaining any register or record for available or allocable surplus?
- Which Gov. Dept. can enquire for payment of Bonus? …Shops & Establishment Inspector? or Sales Tax Officer?