Is it mandatory to pay monthly bonus under bonus act? If yes, kindly provide the notification.
From India, Noida
From India, Noida
You may get your answer from https://www.excelconsultancyservices...Bonus/faqs.htm
From India, Delhi
89From India, Delhi
Mr Malik,
Please note that payment of bonus is inked with the profitability of the establishment / factory and can be decided after compilation of annual accounts. The due date for payment is 8 months from the closing of financial year. However, if you wish to pay it on monthly, it is called the interim bonus which can be adjusted into payable bonus at the end.
From India, Delhi
Please note that payment of bonus is inked with the profitability of the establishment / factory and can be decided after compilation of annual accounts. The due date for payment is 8 months from the closing of financial year. However, if you wish to pay it on monthly, it is called the interim bonus which can be adjusted into payable bonus at the end.
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc