Payment of bonus: minimum bonus is proportionately reduced when an employee has not worked all working days in an accounting year. Where an employee has not worked all working days in an accounting year, the statutory minimum bonus, if higher than eight and one third percent of the ... Summary
Payment of bonus: minimum bonus is proportionately reduced when an employee has not worked all working days in an accounting year.
Where an employee has not worked all working days in an accounting year, the statutory minimum bonus, if higher than eight and one third percent of the salary or wage for days worked, shall be proportionately reduced to reflect the days actually worked.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
