Is Bonus applicable mandatorily?

This query is : Resolved

Report Abuse Follow Query Ask a Query

Amit Deokule

Amit Deokule (Querist)
Follow

21 June 2010 Dear All,

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

Regards,

Amit Deokule

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
Follow

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

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

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.

Upgrade to CAclubindia Pro. Subscribe Now!

Ankur Garg

Ankur Garg (Expert)
Follow

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