Can someone tell me that I an employee leaves his/her company on 9th March 2012 (means worked for 11 months & 9 days) so should the employee eligible for Bonus for yr 2011 - 2012
From India, Bangalore
Acknowledge(0)
Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Dear Shalu,
An employee leaves his/her company on 9th March 2012 (means worked for 11 months & 9 days), the employee is eligible for Bonus for the year 2011-2012. According to the Payment of Bonus Act, if an employee worked more than 30 days in a year, then he/she is eligible for a bonus.
From India, Gurgaon
Acknowledge(0)Amend(0)
17An employee leaves his/her company on 9th March 2012 (means worked for 11 months & 9 days), the employee is eligible for Bonus for the year 2011-2012. According to the Payment of Bonus Act, if an employee worked more than 30 days in a year, then he/she is eligible for a bonus.
From India, Gurgaon
Acknowledge(0)Amend(0)
But make sure that the above employee is drawing a salary of Rs. 10,000 or below. If the salary is above Rs. 10,000, the Bonus Act will not be applicable to him/her. In such cases, payment in lieu of bonus will be in accordance with the agreements between management and trade unions/OAs or as per the discretion of the management.
Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)
Abbas.P.S
From India, Bangalore
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc