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maximum payment limit of bonus

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(Querist)
11 June 2009 Dear All,
i would like to know what is the maximum payment limit of bonus for a hotel industry and who is entitled to get bonus and in which head the payment above the maximum limit should be shown.
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
11 June 2009 1.20%
2.All those employees whose salary is less than 10,000/-.
2.The amount should be debited to Bonus to Employess A/c.
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Ankur Garg

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Ankur Garg (Expert)
12 June 2009 Agree.

Read section 11 of payment of bonus act, 1965.
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