Can a company pay an advance bonus to its employees?
As per the statutory act, i.e., Payment of Gratuity Act, 1965, all amounts payable to an employee by way of a bonus shall be paid in cash within a period of eight months from the closing of the accounting year.
From India, Indore
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As per the statutory act, i.e., Payment of Gratuity Act, 1965, all amounts payable to an employee by way of a bonus shall be paid in cash within a period of eight months from the closing of the accounting year.
From India, Indore
Acknowledge(0)Amend(0)
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc