CMA. Subhash Kumar Jha (General Manager - Finance) (8396 Points)
13 August 2010Eligibility criteria under bonus act is clear.
Rs. 10000/- p.m for eligibility &
Rs. 3500/- p.m for Bonus calculation.
My question is , like PF & ESI, does this have any minimum number requirement ?
Rahul Gupta
(Project Controller ACA MBA(Fin.))
(8019 Points)
Replied 13 August 2010
Mr. Jha, Please check this may be this would be your answer.
Short title, extent and application.—(1) This Act may be called the Payment of Bonus Act, 1965.
(2) It extends to the whole of India [* * *]2.
(3) Save as otherwise provided in this Act, it shall apply to —
(a) every factory; and
(b) every other establishment in which twenty or more persons are employed on any day during an accounting year.Source Link > https://labour.up.nic.in/labourcommissioner/payofbons65.htm
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 20 August 2010
| Originally posted by : Rahul Gupta | ||
 |
Mr. Jha, Please check this may be this would be your answer. Short title, extent and application.—(1) This Act may be called the Payment of Bonus Act, 1965. (2) It extends to the whole of India [* * *]2. (3) Save as otherwise provided in this Act, it shall apply to — (a) every factory; and (b) every other establishment in which twenty or more persons are employed on any day during an accounting year. Source Link > https://labour.up.nic.in/labourcommissioner/payofbons65.htm |
 |
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 23 August 2010
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 23 August 2010
Bare Acts - Direct Tax - Wealth Tax Act, 1957Bare Acts - Income Tax Act, 1961
Bare Acts - IPCC / PCC - Corporate LawBare Acts - IPCC / PCC - Business Law
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