One of my employee worked with us for only 7 months and resigned and he is asking for bonus and leave encasement in his full and final. Is he eligible for bonus?
From India, Mumbai
4From India, Mumbai
Dear, As per bonus act if anyone has been worked 30 days or more in a financial year, then he/she is eligible for bonus.
From United Arab Emirates, Dubai
From United Arab Emirates, Dubai
Dear ANNONYMOUS Friend,
The employee is eligible for payment of bonus but now now. If his basic component is less than Rs. 21000, he is eligible for bonus. He is eligible for bonus when you declare it on the basis of profit / allocable surplus after adjusting set off & set on. You have to declare & pay the bonus with in 8 months on completion of financial year.
From India, Mumbai
The employee is eligible for payment of bonus but now now. If his basic component is less than Rs. 21000, he is eligible for bonus. He is eligible for bonus when you declare it on the basis of profit / allocable surplus after adjusting set off & set on. You have to declare & pay the bonus with in 8 months on completion of financial year.
From India, Mumbai
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Employee Appraisal Form new.doc