Payment of bonus

payment of bonus

The Payment of Bonus Act, provides for the payment of bonus to persons employed in certain establishments, employing 20 or more. A bonus payment is usually made to employees in addition to their base salary as part of their wages or salary. While the base salary usually is a fixed amount. The latest amendment to the Payment of Bonus Act, (Principal Act) has come into effect through the Payment of Bonus (Amendment) Act. The matter had been pending for over a year, and we were not confident in the employment advice we had been receiving. In my career I have been a practicing attorney, counsel to the Governor of Maine, and CEO of a major public utility. Recently viewed items tracks each article you read and gives you a jack bedeutung link back to that article if you need to review it. Updated September 03, Discuss Proposed since October For more information contact ' ; document.

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payment of bonus

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PAYMENT OF BONUS ACT (PART1)

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