Dear All Friends,
Advice will be highly appreciated as mentioned below:
1. If any employer pays a bonus of 20% (because they are bound to pay if the allocable surplus is higher than the minimum payable bonus) as per the bonus act.
My query:
1. Suppose we pay the maximum bonus in a year, and after the next 3 years, there wasn't any allocable surplus. Can we then reduce the percentage of the bonus and pay the minimum bonus (8.33%) as per the legal point of view?
Your advice will be highly appreciated at my email address below:
Regards, Vijay Vashisth
Email: vijayvashisth@yahoo.com
From India, Jaipur
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13Advice will be highly appreciated as mentioned below:
1. If any employer pays a bonus of 20% (because they are bound to pay if the allocable surplus is higher than the minimum payable bonus) as per the bonus act.
My query:
1. Suppose we pay the maximum bonus in a year, and after the next 3 years, there wasn't any allocable surplus. Can we then reduce the percentage of the bonus and pay the minimum bonus (8.33%) as per the legal point of view?
Your advice will be highly appreciated at my email address below:
Regards, Vijay Vashisth
Email: vijayvashisth@yahoo.com
From India, Jaipur
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Dear Friend,
Kindly click on the following link; it will provide you with the required information: https://www.citehr.com/download-list...uery=Bonus+Act.
Please let me know if this information was useful. If not, I can try to find more information to share.
Regards,
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
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Kindly click on the following link; it will provide you with the required information: https://www.citehr.com/download-list...uery=Bonus+Act.
Please let me know if this information was useful. If not, I can try to find more information to share.
Regards,
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
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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