Calculation of bonus using the annual profit (urgent)

Abhay Kumar Sethia (Querist) 27 June 2018 This query is : Open
Dear Sir/ Madam,

I have simple question that,
Is that the annual profit of the pvt ltd company is relevant in the calculation of the bonus? if yes then please provide the complete details regarding the calculation of the bonus using the annual profit figures, you can assume the annual profit 48 lakhs.

Follow Query

Report Abuse

Isaac Gabriel (Expert) 16 July 2019
Better consult an Auditor since the allocable surplus have to be arrived at before deciding the payment of bonus to employees.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now