PBS KUMAR
(Querist) 08 September 2011
This query is : Resolved
Dear Experts,
If the company in loss, even the allocable and available surplus checkings. Is it mandatory to pay the Bonus to the employees ? Please give the reasons with case laws if any.
Shailesh Kumar Shah
(Expert) 08 September 2011
every establishment in which employs 20 or more employees. It is mandatory that even if the establishment is running in loss, it has to pay minimum bonus @ 8.33% to all its employees whose monthly salary does not exceed Rs 10000 under the Payment of Bonus Act.
Guest
(Expert) 08 September 2011
It is mandatory by law. Maximum depends upon the company's discretion based on its profitability, but minimum is a must in compliance with the provisions of law.
Raj Kumar Makkad
(Expert) 08 September 2011
I have no different opinion than of legal replies of experts.
prabhakar singh
(Expert) 09 September 2011
Nothing needs to be added ,all have well explored.
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