Bonus Act/Law applicable - don have a bonus component as part of CTC?

manojag22
Hello,
We are a 3 years old IT consulting and staffing company with consultants working at client location.
Our offer letter and CTC does not include bonus and we have people with 7000 to 21000 basic salary.
Kindly guide us whether Bonus payment is mandatory if we don have a bonus component as part of CTC and Offer letter.
Thanks in advance.
Manoj
mohan.kumar551
You have to pay bonus to employees getting less than 21000/- per month as they are covered under the Payment of Bonus Act.
MOHAN KUMAR
PH: 8921883907
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