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Bonus act

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 May 2013 Hi good morning sir,
plz tell me allocable surplus of a co. exceeds 8.33% of salaries to their employees then whether it is mandatory for the co. to pay the bonus propotionately.
please advice me its urgent.
Thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
16 June 2013 Yes. bonus act applicable mandatory to provide 8.33%

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