Payment of bonus on monthly basis

There is no mention in the act that Bonus can not be paid on monthly basis!

The principle behind fixing a minimum and maximum limit for payment of bonus is that the rate of bonus should not fluctuate widely from year to year.

The question that ususally arises is :  How can company calculate percentage of bonus to be paid in the starting of financial year!

It may become part of wages and ESI may have to be deducted.

A written communication for record or an agreement may be achived so as to avoid payment of bonus later after accounting year.

If employer is comfortable and wishes to pay then you may take care of the nitty gritty of the matter.

Indeed it may be good intention as envisaged by employer!

You are welcome.

Canada’s venture capital investing sector hit a record 10-year high last year, with total investments reaching $2.25 billion. The decade high was largely attributed to Canada’s booming technology sector; however, a variety of other industries also boasted large capital investments.

scott paterson

Thanks to all the ongoing activity in the tech startup sector, venture capital investment has hit a 15-year high, reaching levels not seen since the dot com boom of 2000.

scott paterson

Thanks alot!

Birthday Wishes

Thanks alot!

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