Hi, I am currently working at WNS Global Services (India). My wedding is in February and since my fiance stays abroad, I have to move out and leave the company. My company's notice period is 3 months. I was planning to resign in the month of February so that I stay till April and wait till the bonus and appraisal processes are complete. But I am highly doubtful whether a person who has resigned before the completion of the financial year i.e., before 31st March, is eligible for the bonus or not? Any leads will be highly appreciated.
Thanks.
From India, Noida
Thanks.
From India, Noida
Any employee who has worked for a minimum of 30 days in an accounting year is entitled to bonus for that year whether he is in the employment on the date of declaration of bonus or not.
From India, Salem
6018From India, Salem
If you are an employee within the definition of the term as per the Bonus Act I.e. your wages should be less than Rs21000/-PM and if you have worked for 30 days in the accounting year in question you are eligible for Bonus.If not, it will be the discretion of the management.
Regards
V.L.Nagarkar
HR-CONSULTANT
From India, Mumbai
Regards
V.L.Nagarkar
HR-CONSULTANT
From India, Mumbai
As regards Bonus, you are eligible for Bonus since you have worked more than 30 days in accounting year. If it is Ex-Gratia, the policy depends on Industry to Industry and entirely at the discretion of Management. See whether you are entitled for Bonus or Ex-Gratia and then you can decide.
From India, Bangalore
From India, Bangalore
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Bonus eligibility.xls
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf