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
CAclubindia
