Please clarify the following query regarding applicability of payment of bonus. If the company has been incorporated in 2010 and has been under loss till 2017 the still does it need to pay bonus under payment of bonus act to all employees drawing a basic salary below 10 k and 21k.
If the company is liable to pay bonus but has not paid such amounts then what recourse does it have with the applicable penalty if any.
What can the company do right now to ensure past compliance is adherence.
Please clarify as it is an urgent matter.
If the company is liable to pay bonus but has not paid such amounts then what recourse does it have with the applicable penalty if any.
What can the company do right now to ensure past compliance is adherence.
Please clarify as it is an urgent matter.