As per Sec-17 of PB Act any organization can adjust the customary bonus with statutory bonus.
Customary bonus is very common in India. It is for different customs- Durga puja, Eid, Dewali, X-Mas etc. bonus are paid to employees. Moreover, there are lot of organizations who are paying bonus without considering available surplus, allocable surplus, set on & set off. That is also customary bonus.
We have one client who are paying bonus two months of Basic & DA without any upper limit which is also customary bonus.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
[Login to view]
USD HR Solutions – To Strive towards excellence with effort and integrity