06 August 2009
I M WORKING IN EXPORT UNIT. THE COMPANY STATUS IS FIRM MORE THAN EIGHT YEARS THE BONUS RATE OF COMPANY IS 8.33 % BUT IN THE YEAR 2008-09 COMPANY CHANGE THE BONUS RATE FROM 8.33 TO 20 % . I WANT TO KNOW IS IT POSSIBLE FOR A FIRM AND A FIRM CAN CHANGE ITS BONUS RATE AS PER OWN WILL OR WHAT IS STATUORY REQUIREMENT TO CHANGE IN BONUS RATE
CAclubindia
