Hi All,
I would like to know if The Payment of Bonus Act is applicable to service industry (consultancy).
In my last company, it was a part of my CTC (lets assume X) and the calculation was done based on company balance score card (lets assume Y% here). Hence the actual amount paid was (Y% of X).
Please clarify in this regard.
Thanks & Regards
From India, Noida
I would like to know if The Payment of Bonus Act is applicable to service industry (consultancy).
In my last company, it was a part of my CTC (lets assume X) and the calculation was done based on company balance score card (lets assume Y% here). Hence the actual amount paid was (Y% of X).
Please clarify in this regard.
Thanks & Regards
From India, Noida
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Amendment to Payment of Bonus Act 2015.jpg
Online payment of PF mandatory from 1.1.2016.pdf
PAYMENT OF WAGES ACT 2009.doc