Regarding the payment of bonus
This query is : Resolved
18 January 2014
Dear Sir/Madam,
As per the Payment of Bonus Act Payment of Bonus is Minimum 8.33%.
A)if any Employee has made a contract with employer the payment of Bonus Shall be paid @15% of his annual salary can employer responsible for payment of Bonus Act.
B) Vice versa if the employer as made a contract about the payment of Bonus @ 5% of His Annual Salary.
The Question is can employer pay as per the provisions of the POB Act in case of A & B
Thanks & Regards
As per the Payment of Bonus Act Payment of Bonus is Minimum 8.33%.
A)if any Employee has made a contract with employer the payment of Bonus Shall be paid @15% of his annual salary can employer responsible for payment of Bonus Act.
B) Vice versa if the employer as made a contract about the payment of Bonus @ 5% of His Annual Salary.
The Question is can employer pay as per the provisions of the POB Act in case of A & B
Thanks & Regards
18 January 2014
Hi
As per POBA an employer can do so as long as such bonus is paid in lieu of profits earned by company.
Thanks
As per POBA an employer can do so as long as such bonus is paid in lieu of profits earned by company.
Thanks
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Confusion around Form 26QB fields
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- Gst input for FY 23-24
- Tax on capital gains revoked us 54f
- Company Incorporation - CA and directors signing from different states
- Filing of Form 10BB instead of Filing Form 10B
- HSN Details in IFF/GSTR-1 & in GSTR 9
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
