# \#payment-of-bonus-act

**URL:** https://community.greythr.com/tag/payment-of-bonus-act/243.md

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## [Statutory Bonus](https://community.greythr.com/t/statutory-bonus/12096)

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**Author:** [@JaishreeVignesh](https://community.greythr.com/u/JaishreeVignesh)\
**Replies:** 14\
**Last updated:** [April 16, 2024, 7:23am UTC](https://community.greythr.com/t/statutory-bonus/12096 "2024-04-16T07:23:00Z")

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Dear All, What are the criteria to qualify for a Statutory bonus? Our Labour consultant cites that if the monthly basic is less than 21,000, then the employer must pay a statutory bonus between 8.33% - 20%. So, the el…

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## [Payment of Bonus](https://community.greythr.com/t/payment-of-bonus/8350)

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**Author:** [@Megha22](https://community.greythr.com/u/Megha22)\
**Replies:** 17\
**Last updated:** [January 15, 2024, 3:09pm UTC](https://community.greythr.com/t/payment-of-bonus/8350 "2024-01-15T15:09:48Z")

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Greetings, For Maharashtra state, which are the cities covered under ZONE I, Zone II and ZONE III for determining the minimum wages? What is minimum wage for Skilled employee in Pune who is working in IT & ITES industr…

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## [Bonus payment records to maintain](https://community.greythr.com/t/bonus-payment-records-to-maintain/3685)

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**Author:** [@Prabha](https://community.greythr.com/u/Prabha)\
**Replies:** 1\
**Last updated:** [December 7, 2021, 11:56am UTC](https://community.greythr.com/t/bonus-payment-records-to-maintain/3685 "2021-12-07T11:56:59Z")

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Hi, When having to pay bonus what are the records needed to be maintained for it?

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## [Can consecutive occurrence of loss for company be exemption in payment of Bonus?](https://community.greythr.com/t/can-consecutive-occurrence-of-loss-for-company-be-exemption-in-payment-of-bonus/3643)

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**Author:** [@Manjunath](https://community.greythr.com/u/Manjunath)\
**Replies:** 2\
**Last updated:** [November 30, 2021, 12:56pm UTC](https://community.greythr.com/t/can-consecutive-occurrence-of-loss-for-company-be-exemption-in-payment-of-bonus/3643 "2021-11-30T12:56:18Z")

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Hi, Can consecutive occurrence of loss for company be a reason for getting exemption in paying of Bonus? or is it mandatory it has to be paid to employees in any scenario?

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## [Bonus settlement for exited employee](https://community.greythr.com/t/bonus-settlement-for-exited-employee/3631)

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**Author:** [@Prabha](https://community.greythr.com/u/Prabha)\
**Replies:** 3\
**Last updated:** [November 26, 2021, 7:11am UTC](https://community.greythr.com/t/bonus-settlement-for-exited-employee/3631 "2021-11-26T07:11:42Z")

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Hi, How is bonus amount settled when an employee leaves organization before financial year is over?

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## [When bonus gets taxed?](https://community.greythr.com/t/when-bonus-gets-taxed/3601)

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**Author:** [@Anisha](https://community.greythr.com/u/Anisha)\
**Replies:** 1\
**Last updated:** [November 22, 2021, 8:28am UTC](https://community.greythr.com/t/when-bonus-gets-taxed/3601 "2021-11-22T08:28:26Z")

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Hi, When is the bonus actually gets taxed. Declared year or paid year? What if only percentage is mentioned in declaration?

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## [Bonus - eligibility, limits](https://community.greythr.com/t/bonus-eligibility-limits/1802)

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**Author:** [@RamyaV](https://community.greythr.com/u/RamyaV)\
**Replies:** 4\
**Last updated:** [February 11, 2021, 4:16am UTC](https://community.greythr.com/t/bonus-eligibility-limits/1802 "2021-02-11T04:16:52Z")

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Hi All, What is the eligibility to get bonus? Is there a minimum and maximum bonus amount limit that is decided? Help me with your suggestions. Ramya.

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## [How many returns do you file? (Records Retention Obligations of Employer)](https://community.greythr.com/t/how-many-returns-do-you-file-records-retention-obligations-of-employer/1580)

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**Author:** [@VallariD](https://community.greythr.com/u/VallariD)\
**Replies:** 3\
**Last updated:** [December 29, 2020, 9:54am UTC](https://community.greythr.com/t/how-many-returns-do-you-file-records-retention-obligations-of-employer/1580 "2020-12-29T09:54:22Z")

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Hello All, In a recent audit by the Labor Commissioner at one of our principal employers, we were asked to submit the following documents: Annual Return under Payment of Wages Act Annual Return under Contract Labor Ac…