Unpaid bonus

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Querist : Anonymous

Querist : Anonymous (Querist)

19 October 2013 What is the statutory treatment of unpaid bonus?

@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 Hi

If it is remained unpaid for three years then same should be remitted to Commissioner of Labour Welfare Fund after three years.

Thanks//VaibhavJ

CA Pallav Singhania

CA Pallav Singhania (Expert)
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19 October 2013 Agree with Expert completely,

However, This period can vary from one year to three year depending upon the notification made by the State Government.

regards,

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@VaibhavJ

@VaibhavJ (Expert)
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19 October 2013 Yes!!

Since Labour welfare fund vary from State to state, you need to check your states LWF Act.

Thanks