Nilendra's answer is perfect and is followed for the payment of bonus. Currrent amendenment being effective from 01.04.06 any eligible employee whose wage is <or = Rs. 10,000/- is eligible for bonus whether he is in employmnent or not.
regards
NKT
From United States, Cambridge
3regards
NKT
From United States, Cambridge
My previous company had a policy to pay Statutory bonus @ 20 % for the employees who are covered under the Bonus Act. And for the employees who are not covered under the Bonus act were getting Bonus in the form of Ex-gratia for one month or 1/2 month. I left the company on 25th April 08 and I was working as manager p & A. My basic was 10,000/- and total gross was 24000/-. Company has paid bonus to all the employees for one month salary. In my case I was eligible for Statutory Bonus 8400/- and balance 15,600/-. Now the company is refusing to pay the bonus stating that company is not liable to pay bonus to the left employees. I have worked there more than 6 years. I donot want to spoil my relation with them. But they are completely denying to pay bonus. Please help me.
Ravi
From India, New Delhi
Ravi
From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc