I have 10 employees. Can I pay Bonus to all, not exceeding Rs. 10,000 each, on a single day?
13 Replies
Rahul
(MT)
(102 Points)
Replied 27 March 2022
Is there any ceiling limit for giving bonus per employee?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 27 March 2022
Is it statutory bonus or performance bonus ?
Manohar Sankaran
(9 Points)
Replied 27 March 2022
It is performance bonus, varying between Rs. 6500 to 8500 per employee.
Manohar Sankaran
(9 Points)
Replied 27 March 2022
The ceiling in question is of cash payments of Bonus exceeding Rs. 10000 limit, in total for 10 persons, on a single day
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 27 March 2022
The limit is for per employee, per day
sabyasachi mukherjee
(27574 Points)
Replied 28 March 2022
Payment of bonus act section is pertinent.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 28 March 2022
But the cash payment per day comes under Income Tax Act
sabyasachi mukherjee
(27574 Points)
Replied 28 March 2022
Let me give you the details of payment of bonus Act. Applicability of bonus payable to the employees. When an employer is eligible for payment of bonus?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 28 March 2022
The question is about cash payment per day ..
There is 10k per day per person limit.
Query is based on this
There is 10k per day per person limit.
Query is based on this
JJJ
(Need help)
(675 Points)
Replied 28 March 2022
| Originally posted by : sabyasachi mukherjee | ||
 |
Let me give you the details of payment of bonus Act. Applicability of bonus payable to the employees. When an employer is eligible for payment of bonus? |  |
Once again, how is this in any way related to the query?
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 28 March 2022
@ Manohar Sankaran
Hope your query is resolved
Hope your query is resolved
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