Dear Sir,
A hospital run by a charitable trust with 150 employees has to decide whether to pay a bonus to their staff or be exempted from doing so. We are not making a profit; we provide treatment at subsidized costs, making it affordable based on economic status.
Thank you.
From India, Tirunelveli
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A hospital run by a charitable trust with 150 employees has to decide whether to pay a bonus to their staff or be exempted from doing so. We are not making a profit; we provide treatment at subsidized costs, making it affordable based on economic status.
Thank you.
From India, Tirunelveli
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hi thomas you no need to pay any bonus because the acts says that not profitable trust need not to pay any bonus. regds
From India, Hyderabad
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42From India, Hyderabad
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P.F.Withdrawal Is it necessary to give undertaking that I am not in employment for last two months anywhere, in case of provident fund withdrawal. Kindly advise. partha sarkar
From India, Kolkata
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From India, Kolkata
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Dear Thomas,
In reply to your query, I would suggest you refer to Section 32(v)(c) of the Payment of Bonus Act, 1965, which excludes "the institutions (including hospitals, chambers of commerce, and social welfare institutions) established not for purposes of profit."
In view of the above, you can examine whether your hospital, which you claimed is run by a charitable trust, is considered to be in the exempted category or not.
BS Kalsi
Member since Aug 2011
From India, Mumbai
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In reply to your query, I would suggest you refer to Section 32(v)(c) of the Payment of Bonus Act, 1965, which excludes "the institutions (including hospitals, chambers of commerce, and social welfare institutions) established not for purposes of profit."
In view of the above, you can examine whether your hospital, which you claimed is run by a charitable trust, is considered to be in the exempted category or not.
BS Kalsi
Member since Aug 2011
From India, Mumbai
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The Payment Of Bonus Act, 1965 5 november 2016.pdf
Payment of Bonus Act 1965.doc