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Human Resources » Compensation & Benefits


Chrm Message From: Jitender Singh Total Posts: 11 Join Date: 27/04/2010
Rank: Executive Post Date: 03/02/2011 04:56:33 Points: 55 Location: India

Hi,

Can we disburse bonus alongwith salary on monthly basis.

Would it be considered Bonus ?

Please comment..

Rgds/Jitender

Chrm Message From: debora Total Posts: 108 Join Date: 27/04/2010  
Rank: Leader Post Date: 10/01/2020 06:51:41 Points: 540 Location: India

 As per the provisions of the Payment of Bonus Act, Bonus payments need to be done after the finalization of the balance sheet of the company. You will agree with me that no company makes balance sheet on monthly basis. Hence the computation of allocable surplus can not be done as provided in the Act and accordingly no question for provide monthly bonus.