I have some confusion regarding the employee’s bonus.
Sir, Is it mandatory to pay bonus to employee every year in any condition? If employee's basic salary is below 10000/- then minimum how much bonus have to pay by employer? Can we consider a basic salary Rs 3500/-?
If company suffering from losses in that condition also employer have to pay bonus @ 8.33% on basic salary or it is not necessary to pay bonus to employee in case of loss?
Please Suggest Me. How do I get info regarding above & which section of bonus act I have to refer.
CAclubindia
