Dear Indu Sharma,
Have you read the provisions of the Payment of Bonus Act, 1965? Under this act:
New establishments are given infancy protection of 5 years to come under the purview of the Bonus Act. However, the new establishments earning profits within the infancy period of 5 years shall pay the bonus for the accounting years in which they earn profits.
To educate yourself, you may click the following link:
https://bcpassociates.com/infancy-pr...onus-act-1965/
Therefore, the question that arises is whether or not your company has made a profit. If yes, then any way you are required to pay the bonus to the staff. In case if your company has not made a profit, even then also the act does not forbid paying the bonus. It is up to you.
By the way, if you decide to pay the bonus, then make proper calculations and also maintain the proper records. Route the payments through salary slips. You should not pay some vague amount and at a later stage, you need to justify it as a bonus only. To educate yourself on requirements of filing and records, you may click the following link:
Payment of Bonus and Maintenance of Registers - Assurance India
Thanks,
Dinesh Divekar