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Allowable surplus under the Payment of Bonus Act, 1965, refers to the amount of surplus that can be distributed as bonuses to employees. It is calculated based on the company's profits, taking into account certain deductions such as depreciation, taxes, and other liabilities. The allowable surplus is determined after accounting for the minimum bonus requirements and any other statutory obligations. The Act ensures that the distribution of bonuses is fair and proportionate to the company's financial performance.
What else can I help you with?
Whether principal employer has any liability for making payment reimbursement of bonus for the contractor worker as per payment of bonus act 1965?
it is booo
What Ex gratia is providable out of Bonus?
Hi Bonus and Ex Gratia are two different payments. Bonus is a statutory payment under the Act, whereas Ex Gratia is purely voluntary. It follows that Ex Gratia is not included with the payment of Bonus, but is payable at the discretion of management in addition to or even in the absence of bonus.
Payment of bounds Act of 1965?
Did you mean the "Payment of bonus act of 1965"? Where each employee was entitled to a bonus depending on how long he or she had been working there and on how much effort they were putting in.
How do you spell bonus?
The noun bonus is only informally used as a verb (to bonus: to give or allow a bonus or leeway). The -ing form would be "bonussing" when used.
What bonus for GM and Delphi bonus checks will rtirees get 2010?
GM salary retires received no bonus in 2010 and haven't gotten a bonus or retiree payment increase for at least 15 years
Explain the major provinsions of payment of bonus act 1965?
Major provisions of Payment of Bonus Act 1965 included a formula for calculating bonus payments based on the production of workers. The act applies to every factory and workplace that employs more than 20 people.
The Bonus Army marched on Washington DC for what purpose?
WWI veterans seeking the bonus Congress had promised them. And in 1924, congress passed the adjusted compensation act,which provided for a lump-sum payment to the veterans in 1945
What is a baby bonus?
A baby bonus is a tax credit or similar payment offered to families with children, offered by the governments of countries including Canada and Australia.
When is loyalty an adjective?
When it is used in phrases such as "loyalty bonus" or "loyalty payment", "loyalty card".
Do zara accept bonus bonds?
Zara typically does not accept bonus bonds as a form of payment. Payment methods usually include credit/debit cards, cash, and sometimes store gift cards, but bonus bonds are not commonly listed among accepted forms. It's best to check directly with the specific Zara location or their customer service for any updates or changes in payment policies.
Does waterstones accept bonus bonds?
If I knew the answer why would I ask the bleeding question - useless site
What date will be considered in dividend payment or bonus issue by the companies to shareholders?
The date considered for dividend payment or bonus issue by companies to shareholders is typically known as the "record date." Shareholders must own the stock before this date to be eligible for the dividend or bonus issue. The company usually announces the record date alongside the ex-dividend date, which is the date on which the stock must be purchased to qualify for the upcoming dividend. Payments are then made on the specified payment date.
