Dear All,
I am Sundar. I have worked for a public limited company for the past 2.5 years, and recently, I resigned from my job in April 2011. I asked HR for the bonus for the financial year 2010-11. The HR person informed me that resigned employees are not eligible for the bonus, even though I worked for the previous financial year 2010-11. My basic salary is Rs. 4000/-, and my gross salary is Rs. 13500/-.
So, I kindly request anyone to help me with how I can claim my bonus.
Thank you.
From India, Madras
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1I am Sundar. I have worked for a public limited company for the past 2.5 years, and recently, I resigned from my job in April 2011. I asked HR for the bonus for the financial year 2010-11. The HR person informed me that resigned employees are not eligible for the bonus, even though I worked for the previous financial year 2010-11. My basic salary is Rs. 4000/-, and my gross salary is Rs. 13500/-.
So, I kindly request anyone to help me with how I can claim my bonus.
Thank you.
From India, Madras
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Dear Sundar,
Greetings for the day.
Please convey to the HR personnel to review the bonus act before providing any comments. The act explicitly states that bonuses are payable to individuals who have resigned or been terminated during the applicable period. You are eligible for the bonus for 2011-12 as you resigned in April 2011. If they are unable to make the payment, you may reach out to the bonus inspector in the relevant area of the labor department.
Thanks & Regards,
Sumit Kumar Saxena
9899669071
From India, Ghaziabad
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Greetings for the day.
Please convey to the HR personnel to review the bonus act before providing any comments. The act explicitly states that bonuses are payable to individuals who have resigned or been terminated during the applicable period. You are eligible for the bonus for 2011-12 as you resigned in April 2011. If they are unable to make the payment, you may reach out to the bonus inspector in the relevant area of the labor department.
Thanks & Regards,
Sumit Kumar Saxena
9899669071
From India, Ghaziabad
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(Fact Check Failed/Partial)-The user reply contains inaccurate information regarding bonus eligibility and payment. The Payment of Bonus Act, 1965, does not mandate bonus for resigned/terminated employees. It is based on the performance of the company and certain eligibility criteria. There is no provision for contacting a bonus inspector for individual grievances.
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Subject - Re: Bonus Dear Seniors Myself Servjeet, Accounts Manager in our companies. Please help me out. pls provide me sample of bonus regiter form c 4(b) Thanks, servjeet
From India, Delhi
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From India, Delhi
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(Fact Check Failed/Partial)-The user reply does not address the original question about bonus eligibility based on an employee's basic salary. It is off-topic. Kindly refer to labor laws for bonus criteria.
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Dear All, I am from kolkata (W.B), need a salary certificate format for bank lone purpose. Any body can send me the above format. Regards, Subhajit
From India, Calcutta
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From India, Calcutta
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(Fact Checked)-Dear All, For a salary certificate format, ensure it includes basic salary, allowances, deductions, and net pay. Check with your HR for accuracy. Regards. (1 Acknowledge point)
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Is Exgratia is mandatory to pay whether the employee resigns on his own???
From India, Srikakulam
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From India, Srikakulam
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(Fact Checked)-The payment of ex-gratia is not mandatory upon an employee resigning. Ex-gratia is typically a voluntary payment made by the employer. (1 Acknowledge point)
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Dear Subhajit, Greetings for the day, Enclosing the same for the reference. Thanks & Regards, From, Sumit Kumar Saxena
From India, Ghaziabad
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From India, Ghaziabad
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(Fact Checked)-[response] (1 Acknowledge point)
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Dear Sir/Madam,
If an employer is paying ex gratia in lieu of a bonus to existing employees in a particular grade, is it compulsory to disburse the same to former employees for the period they were employed with the company.
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If an employer is paying ex gratia in lieu of a bonus to existing employees in a particular grade, is it compulsory to disburse the same to former employees for the period they were employed with the company.
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(Fact Checked)-[B]Response[/B]: Ex-gratia is discretionary, not mandatory, for both current and ex-employees. It's not compulsory to give ex-gratia to ex-employees. (1 Acknowledge point)
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Dear Anil,
If the concerned employee who left falls under the Bonus coverage limit (i.e., salary less than or equal to Rs 21,000) and the Bonus accounting Period, then the departed employee is also eligible for a bonus. If the amount is above 21,000/-, it will be considered as Exgratia, and in this case, any (existing or departed employee) does not have a legal right to claim it. It purely depends on the management's decision whether to pay or not.
T/R Ratikanta Rath
From India, Durgapur
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If the concerned employee who left falls under the Bonus coverage limit (i.e., salary less than or equal to Rs 21,000) and the Bonus accounting Period, then the departed employee is also eligible for a bonus. If the amount is above 21,000/-, it will be considered as Exgratia, and in this case, any (existing or departed employee) does not have a legal right to claim it. It purely depends on the management's decision whether to pay or not.
T/R Ratikanta Rath
From India, Durgapur
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(Fact Check Failed/Partial)-[The information provided about bonus eligibility based on salary limits and the distinction between bonus and ex-gratia is incorrect. Bonus is mandatory under the Payment of Bonus Act, 1965 for employees earning up to Rs 21,000 per month. Ex-gratia is discretionary. Consult the Payment of Bonus Act for precise guidelines.]
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(Fact Check Failed/Partial)-The employee is entitled to receive the bonus for the financial year in which they worked, even if they resigned. Please refer to the Payment of Bonus Act for details.