29 August 2008
hello experts plz tell me current bonus act provisions for audit purpose of F.A.2007-08 i have heared that 1.bonus is to b given to each employee whose basic rate is upto rs.10000 2.but bonus is to b calculated on rs.3500 or less than rs3500(if basic is less) ex.if employee basic rate is rs.8000 then he will b given complusory bonus on rs3500 n ex gratia on rs.4500(if co. wants ) if employee basic rate is rs.12000 then he will not b entitled to cumplsory bonus but only exgratia if co.wants
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