Is Bonus applicable mandatorily?

This query is : Resolved 

21 June 2010 Dear All,

Is Bonus of 8.33 % applicable mandatoprily in any private company?

Regards,

Amit Deokule

21 June 2010 Check this link >>> https://www.caclubindia.com/forum/main-provisions-of-payment-of-bonus-act-1965-in-brief-88484.asp

21 June 2010 Yes.
Application of Payment of Bonus Act,1695

It applies to the entity as it shall apply to,-

(a) every factory; and

(b) every other establishment in which twenty or more persons are employed on any day during the year.


25 June 2010 Agree with Sanjay sir...

In case of industrial acts first it is important to check the applicability clause/section of the Act.

Regards



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