New Startup in Pune: How Does Bonus Applicability Work If We Profit in 5 Years?

Prashant B Ingawale
As we are a new startup engineering company in Pune, what is the bonus applicability to our company if we make a profit in the first 5 years?

Thank you.
R.N.Khola
Please refer to section 16 of the Payment of Bonus Act, 1965 for your query.

Regards,
R.N. KHOLA
cms.sureshhr
We would like to inquire about the applicable years for the bonus from 1965 for a new setup. Kindly request you to clarify this concept.

Thanks!

Regards,
Suresh
[Phone Number Removed For Privacy Reasons]
cms.sureshhr
Dear Sir, as we are a new startup engineering company in Pune, what is the bonus applicability to our company if we make a profit in the first 5 years?

Regards,
Suresh Kaushik
[Phone Number Removed For Privacy Reasons]
cms.sureshhr
The infancy period of a company, which is 1-5 years, is not applicable for the Bonus Act of 1965. Hereafter, 8.33% is compulsory.

Thank you.

Regards
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute