Dear SirAny new amendment in GRATUITY PAYMENT ACT..Currently is is 4.8 month minimum for eligibility.Any change pls suggestRajiv Kr Ranjan+91 9709999790

Dear All Friends,Advices will be highly appriciated as mentioned below:1\. If any employer pay the bonus 20% (coz he is bound to pay if allocable surplus is higher than minimum payable bonus) as per the bonus act.My query:1\. Suppose, we pay maximum bonus in a y...

The working of the above are provided in the act.It's pretty simple. Ask your accountant to fill it in exactly as specified in the act

Dear Seniors,The closing of accounts is on 31 December of each year and the same are placed before AGM in January. Now the bonus is to be paid within 8 months from the closure accounting year. For the purpose of IT , the books are closed on 31st March each year....

Payment of Bonus Act, 1965Bonus is really a reward for good work or share of profit of the unit where the employee is working. Often there were disputes between employer and employees about bonus to be paid. It was thought that a legislation will solve the probl...

Definition and applicability of the act :a)In every establishment and factory employing 10 or more persons with the aid of power and 20 or more persons without the aid of power .b) in respect of the commencement of books of account in an accounting yearc) the ac...

Sir/mami am a student of mba pursuing my career in hr ,i am having problem in understanding the fourth schedule , where the concept of set on and set off is calculated and discussed , my general understanding is that the set on is used as giving bonus in the nex...

Dear All,Please give me inputs on Payment of Bonus Act,1965.When is it supposed to given and how much (Computation). Who all are eligible to get the bonus.Regards,Jyotsna

Dear Sir/Madam,From when/which date the recent update on payment of bonus act is applicable. Also would like to know that the employees who are working in software industry and are having their basic below Rs. 10000/- per month are elligible for the said bonus.R...