THE PAYMENT OF BONUS ACT

[SRINIVASARAO PEDDI]

Dear sir,

what to do with the amount outstanding to the credit of unpaid bonus of earlier years? pl clarify

[Ramesh Kothari]

Reason for pending of unpaid bonus

AI Summary

Unpaid bonus: query on treatment of outstanding prior-year bonus amounts and identification of reasons for non-payment. Treatment of amounts standing to the credit as unpaid bonus under the Payment of Bonus Act poses the question of how to deal with outstanding prior-year bonus balances. The recorded reply addresses the reasons for pending unpaid bonus, identifying factors that caused non-payment and informing how outstanding entries on employee accounts may be resolved.