Bonus Under Payment Of Wages Act'1936 - PDF Download (873) (30/Jan/2011)
You can pay bonus in installments. But the entire amount of bonus should be paid within eight months of closing of the financial year. Therefore payment of bonus in monthly installments is not encouraged. Similarly if you pay it monthly the amount will be treated as part of wages for...
Seniors participating: 2, Total participants: 9, View average: 1.3089, Contains Attachments

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Bonus Act - Bonus Provision (289) (26/Mar/2015)
Whether Bonus is payable only as per ceiling or any other provision that an organisation making profit shall declare bonus despite the coverage. IS A AND A FOR GOOD AS PER THE Then why it is...
Seniors participating: 1, Total participants: 2, View average: 0.4732

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Gratuity /bonus To Casual Labour. (659) (11/May/2011)
Dear Karnal 240 days is a must for payment of Bonus in a calendar year. 30 days is the infancy period and Bonus is calculated on yearly basis and it is paid yearly. It is deemed to be deferred wages. Hence 240 days completion is a must....
Total participants: 3, View average: 1.0065

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Bonus Payout Is Not Clearly Mentioned For Resigned Employees (148) (25/Feb/2024)
If you qualify for bonus by working for the minimum working days of 30 days in the preceding financial year then you can claim it as a right. But there are a few important points to be noted with reference to statutory bonus. Please note that in my previous reply...
Seniors participating: 1, Total participants: 2, View average: 3.0145

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Payment Of Bonus With Example (794) (02/Nov/2007)
Hello Conceptually Bonus is a "profit sharing scheme" sanctified by the State in the form payment of Bonus Act 1965. While doing so the state has brought in the concept of "deferred wage" into the scheme of the act. Bonus is a substitution of the old systems of "Bakshis" that...
Seniors participating: 2, Total participants: 4, View average: 0.8211

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Difference Between Bonus & Statutory Bonus? (1707) (31/Oct/2013)
Dear Mr. Gunasheelan Your Query: What is statutory Bonus and what is the difference between Bonus & statutory bonus. Also pls share what is the benefit for employees. Position: Payment of Bonus Act 1965 made Bonus Payment mandatory at the rate prescribed. Before that Bonus amount was distributed as per...
Seniors participating: 3, Total participants: 11, View average: 3.1803

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Application Of Minimum Wages For Calculation Of Statutory Bonus (331) (10/Nov/2017)
Dear Ganesh Bonus is a deferred payment since it is being paid any time during the year immediately following the Accounting Year for which bonus is calculated. Therefore logically it should be a certain percentage on the earnings of the employee pertaining to the AY only. It follows automatically that...
Seniors participating: 2, Total participants: 3, View average: 0.9552

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