Section 2
[THE FOURTH SCHEDULE
2 [THE FOURTH SCHEDULE
(See section 15 and 16)
In the Schedule, the total amount of bonus equal to 8.33 per cent of the annual salary or wage payable to all the employees is assumed to be Rs. 1,04,167. Accordingly, the maximum bonus to which all the employees are entitled to the paid (twenty per cent of the annual salary or wage of all the employees) would be Rs. 2,50,000.
Roop's Law Assist