BONUS

KISHORE KUMAR JOSHI (Querist) 24 September 2019 This query is : Resolved
Sir, I have a staff working in my Company in Kolkata , Please let me know the bonus which I have to pay? Is The Salary I paid him in the financial year 2018-19. Or as per the current salary of financial year 2019-20 which has now been increased.

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Adv Shailendra Deshpande (Expert) 25 September 2019
If the Payment of Bonus Act is applicable, then you need to pay as Bonus Act.

kavksatyanarayana (Expert) 25 September 2019
Ji, to me, as per Amendment Act of Bonus, 2015, the Basic+DA is below Rs.7000 then bonus will be calculated on the actual amount and If Basic+DA is above Rs.7000 then the bonus will be calculated on Rs.7000. If you are giving this year you will take 2018-19.

Dr J C Vashista (Expert) 26 September 2019
Whether the company is a private / private limited / public ?
Whether the provisions of Bonus Act, 2015 are applicable in your case?
It would be better to consult a local prudent lawyer for appreciation of facts and guidance.

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