Legal Question in Employment Law in India
what is ceiling of Statutory Bonus & calculation thereof?
Asked on 9/28/12, 10:50 pm
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
30.09.2012
Dear Sir / Madam,
It is 8.33% of annual profit earned during the financial year.
Regards,
FCA Prashant Chavan
Mumbai
(You can also mail me for any further on-line advice at [email protected])
Answered on 9/29/12, 11:06 pm
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