payment of bonus act
ooviya
(Querist) 08 January 2009
This query is : Resolved
the employee -security guards who draw a salary of Rs. 5000/- a month (CTC). After deductions, the take home pay is approximately Rs. 3600/- which is quite low. the employer intend paying off the annual component of bonus every month along with the salary.
What are the statutory repercussions of monthly payoff ?
Are the employer violating any provisions of the Payment of Bonus Act ?
If so, how ?
If not, are the employer liable to pay annual bonus in addition to monthly bonus.
extend opinion on the above issue.
H. S. Thukral
(Expert) 10 January 2009
You can make payments of bonus on monthly basi. Make it on the basis of minimum bonus payable and adjust the eligible payable after the closing of accounts as per allocable surplus as per provisions of the Act. Make it clear to the employees about it and maintain a paymnent register as per Bonus Act.
ARVIND JAIN
(Expert) 13 March 2009
WHY DONT YOU AGREE WITH MR, THUKRAL???????????????????????
Hiralal Das
(Expert) 08 April 2009
Thanks all of you the ld. members and the author.
