Bonus payment
P V Gopal (Job) (127 Points)
18 October 2016P V Gopal (Job) (127 Points)
18 October 2016
CA VIRAL SANGHVI
(Finance head)
(681 Points)
Replied 19 October 2016
Hi,
As per Payment of bonus (Amendment) Act,2015, if your basic salary is less than Rs.21000 than you are eligible for bonus.
Once you are eligible the bonus amount is Rs.7000 or Minimim wages of the respective state whichever is higher.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)