Statuory bonus calculation as per bonus

aniltulu
DEAR ALL,
IF WE PAID ANNUAL BONUS AS PER PRODUCTION BASE NOT AS PER PROFIT AND LOSS.IS IT REQUIRED FOR SUBMIT FORM-A AND FORM-B.
Thanx
Anil
Srinath Sai Ram
Dear Anil, you have to maintain Form A, B & C.The question of submitting Form-A&B does not arise until the same is called for by the Statutory Authority
Shrikant_pra
Even if you pay production bonus, you have to pay bonus as provided in the act. No one can pay some amount ( production bonus in your case) as bonus amount. Productivity is base for production bonus; and it is not statutory. If your salary is linked to productivity, then yes.
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