As per the amendment in Payment of Bonus Act, all employees who are getting wages/ salary not more than Rs 10000 are eligible for bonus. Previously it was Rs 3500. The bonus of all those who receive salary between 3500 and 10000 will be calculated at Rs 3500. Previously, all those getting salary between 2500 and 3500 were paid bonus calculated as if their salary were Rs2500. Under the new Act, construction workers are also brought under the purview of bonus.
Madhu.T.K
From India, Kannur
4248Madhu.T.K
From India, Kannur
Dear Suresh, Please go through section 16 of the Payment of bonus Act, 1965 for your query. R.N.Khola
From India, Delhi
From India, Delhi
Dear Ankit Aggarwal,
This is as per the Act.For more details plz go through the definition of employee section 2(13) & wages section 2(21) of he Payment of Bonus Act, 1965.
R.N.Khola
From India, Delhi
This is as per the Act.For more details plz go through the definition of employee section 2(13) & wages section 2(21) of he Payment of Bonus Act, 1965.
R.N.Khola
From India, Delhi
Dear Mr.Khola,
Today i have received one inetresting query from one of my collegue. His brother who is an engineer was working with a small firm . The person (collegue's brother) was fresher before joining this company.While joining to this company they have asked him to sign a bond. I have gone through that bond which is very subjective and doesn't talk about any compensation in case of breach of agreement. The bond says person has to work for minimum 1.6 yrs with the company after joining.The person was paid @6000 p.m. as salary. As soon as this person ahs joined the company, he has been put on the job without any training. Because of this persons talent they have earned a good profit and which was shared by the owner of that firm during one of their meetings with the employees. Now this person has submitted resignation since he is getting an opportunity to go for M.S. in Germany. He has submitted the resignation to the comapny which is not accepted. during discussion one more point came to know that since last 2-3 months this person is being put on some clerical job since comapny do not have any enough projects in hand. with which this person is not happy. Finally he has stopped going to office but received as notice from company lawyer that either join the comapny or face for legal action.
Please share your views. how long this notice may put this person in trouble.Whether this person need to pay nay compensation.
Santosh
From India, Mumbai
Today i have received one inetresting query from one of my collegue. His brother who is an engineer was working with a small firm . The person (collegue's brother) was fresher before joining this company.While joining to this company they have asked him to sign a bond. I have gone through that bond which is very subjective and doesn't talk about any compensation in case of breach of agreement. The bond says person has to work for minimum 1.6 yrs with the company after joining.The person was paid @6000 p.m. as salary. As soon as this person ahs joined the company, he has been put on the job without any training. Because of this persons talent they have earned a good profit and which was shared by the owner of that firm during one of their meetings with the employees. Now this person has submitted resignation since he is getting an opportunity to go for M.S. in Germany. He has submitted the resignation to the comapny which is not accepted. during discussion one more point came to know that since last 2-3 months this person is being put on some clerical job since comapny do not have any enough projects in hand. with which this person is not happy. Finally he has stopped going to office but received as notice from company lawyer that either join the comapny or face for legal action.
Please share your views. how long this notice may put this person in trouble.Whether this person need to pay nay compensation.
Santosh
From India, Mumbai
Dear Santosh,
This is to inform you that while working with Skylark Associate I do not deal such type of cases. This is a subject matter of civil nature i.e. breach of contract. If the employer has taken the help of a lawyer then you should also contact a civil advocate for this matter.
R.N.Khola
From India, Delhi
This is to inform you that while working with Skylark Associate I do not deal such type of cases. This is a subject matter of civil nature i.e. breach of contract. If the employer has taken the help of a lawyer then you should also contact a civil advocate for this matter.
R.N.Khola
From India, Delhi
can we pay bonus basic + Da x 11 months if so how about conveyance ? i pay salay 60% basic 25 % da 15 % allowances.. pl explain me sir
From India, Coimbatore
From India, Coimbatore
rudsan,
This is a clear case of breach of contract in this case you must consult some lawyer as the breach is from your side.Even if there is no clause of compensation ,it doesn't mean there is no mistake from your side,if the bond is signed ,the contract cant be void,so better to join duties as per company and sort this matter with company management internally.
From India, Delhi
This is a clear case of breach of contract in this case you must consult some lawyer as the breach is from your side.Even if there is no clause of compensation ,it doesn't mean there is no mistake from your side,if the bond is signed ,the contract cant be void,so better to join duties as per company and sort this matter with company management internally.
From India, Delhi
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