D M AND COMPANY
  
CHARTERED ACCOUNTANTS  
 
 
 
    E-mail     Client Login    Admin Login    
 Quick Link
 Home
 Services
 About Us
 Contact Us
  Ask a Query
 

Adjustment of customary or interim bonus against bonus payable under the Act.

17. Where in any accounting year—

(a) an employer has paid any Puja bonus or other customary bonus to an employee; or

(b) an employer has paid a part of the bonus payable under this Act to an employee before the date on which such bonus becomes payable,

then, the employer shall be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Act in respect of that accounting year and the employee shall be entitled to receive only the balance.

 
Total Visitors: 488644. Copyrights © D M AND COMPANY All Rights Reserved
Design and Development by Aem SOolutions