मुनाफा गर्ने प्रतिष्ठानले बोनस बाँड्नु पर्ने | Section 5

(1) Every profit-making establishment must allocate an amount equal to ten percent of its net profit in a financial year to employees for bonus.

(2) According to sub-section (1). While determining the net profit made by an establishment in any one financial year, the following amount should also be deducted from the net income to be retained as per Section 12 of the Income Tax Act, 2031:-

(a) …………..

(b) … … …

(3) Sub-section (1) Notwithstanding anything written in sub-section (1) and (3), the percentage of bonus to be separated from the net profit made by the establishment owned by the Government of Nepal in each financial year shall be as specified. An establishment owned by the Government of Nepal, established for the development of a sector without the purpose of earning, shall not be entitled to distribute bonus. The bonus can be distributed only in the following cases:-

(a) the amount recorded as expenses on the accrual basis should be paid within the next financial year,

(b) the potential liability of each financial year ( (Contingent Liabilities) to determine the amount due and the amount so determined should be set up and deposited in a separate fund, (c) If any loan has been taken from the Government of Nepal or with the Government of Nepal as a guarantee, in the amount of the loan during the time of taking the loan. It should have been repaid according to the mentioned payment schedule.

(3c) Apart from the things mentioned in this Act and the regulations made under this Act, other matters related to bonus distribution shall be as decided by the Government of Nepal.

( 4) … … …