Hi Iam working in public sector since 1.5years.our company is loss making so i need details of diwali ex-gratia eligible criteria.
From India, Indore
Acknowledge(0)
Amend(0)
1From India, Indore
Acknowledge(0)Amend(0)
Dear Mr. Reddy,
Ex gratia is any amount that management decides to pay at their will. For the bonus, kindly check the attachment. If the employee is ESIC applicable, then we need to deduct 1.75% from his share of the total amount of ex gratia.
Regards,
Nikhil
From India, Pune
Acknowledge(0)Amend(0)
Ex gratia is any amount that management decides to pay at their will. For the bonus, kindly check the attachment. If the employee is ESIC applicable, then we need to deduct 1.75% from his share of the total amount of ex gratia.
Regards,
Nikhil
From India, Pune
Acknowledge(0)Amend(0)
Dear Reddy,
Payment of ex-gratia is not statutory. If your company is in a loss, it is quite natural that the employer will hesitate to pay ex-gratia. If your monthly salary (generally basic + DA) is Rs. 10,000 or below, you are eligible for a bonus even if your company is in a loss.
Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)
Payment of ex-gratia is not statutory. If your company is in a loss, it is quite natural that the employer will hesitate to pay ex-gratia. If your monthly salary (generally basic + DA) is Rs. 10,000 or below, you are eligible for a bonus even if your company is in a loss.
Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Bonus eligibility.xls
ESI's EFFORTs fighting Corona-Relaxati on In Eligibility Criteria And Enhancement In The Payment .pdf
Amendment to Payment of Bonus Act 2015.jpg