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bonus act applicable in 2nd accounting year?

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 February 2011 hi is it necessary for a limited co. to give bonus to its employees according to bonus Act?

even if the co. is in its 2nd accounting year?

Pls do confirm, i hv read sumwhere its only after 5 years. is it so? pls clarify.

i m not able to understand from the act.

Thanks.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
03 February 2011 Bonus is applicable since 1st year. Only payment is made after completion of Financial year.

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