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APPLICABILITY | |||
1 | To whom does the Bonus act apply ?
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2 | To whom does the Bonus act apply ?
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3 | If the number of employees working in an establishment becomes less than 20, will the Act apply?
Yes, the act will continue to apply once it has become applicable |
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4 | If the number of employees working in an establishment becomes less than 20, will the Act apply?
Yes, the act will continue to apply once it has become applicable |
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5 | What is Bonus ?
The object of the Payment of Bonus Act is to provide for the payment of bonus (linked with profit or productivity) to employees. |
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6 | What is Bonus ?
The object of the Payment of Bonus Act is to provide for the payment of bonus (linked with profit or productivity) to employees. |
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7 | Do new establishments have to pay bonus ?
A newly set up establishment is exempted from paying bonus to its employees in the first five years following the year in which the employer sells the goods produced or manufactured by him. If, however, the employer derives profit in any of the first five year, he has to pay bonus for that year. The provisions of set on and set off are not applicable in such cases. |
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8 | Do new establishments have to pay bonus ?
A newly set up establishment is exempted from paying bonus to its employees in the first five years following the year in which the employer sells the goods produced or manufactured by him. If, however, the employer derives profit in any of the first five year, he has to pay bonus for that year. The provisions of set on and set off are not applicable in such cases. |
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9 | Can an establishment be deemed to be newly set in case of a change in ownership ?
Even if ownership of an establishment is transferred, the establishment remains the same and it cannot be said to be a new establishment for the purpose of Bonus applicability |
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10 | Can an establishment be deemed to be newly set in case of a change in ownership ?
Even if ownership of an establishment is transferred, the establishment remains the same and it cannot be said to be a new establishment for the purpose of Bonus applicability |
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