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Hello everyone,

My company is experiencing losses, and according to the senior management, they have mentioned that bonuses will not be payable to employees due to the financial situation. I would appreciate your guidance on this matter. If there is a circular or notification stating that Statutory Bonus must be paid to employees earning below 21K as basic salary, please share it with me.

Thank you.

From India, undefined
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If your company is less than 5 year old & is making loss, then statutory bonus may not be paid. Otherwise bonus @ 8.33 has to be paid as per calculations specified in new amendment.
From India, Mumbai
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