Dear All,
Please note that I worked in a limited company for 3.5 years, and every year at the time of Diwali, the company paid me a bonus as per company policy. However, when I resigned in July 2013 (before Diwali), the company did not pay me the bonus for the 15-month period from April 2012 to June 2013 in my full and final settlement.
Could you please advise if the company is liable to pay me the bonus for that period? Can I take any action regarding this matter?
Regards,
Dinesh Dhall
From India, Gurgaon
Please note that I worked in a limited company for 3.5 years, and every year at the time of Diwali, the company paid me a bonus as per company policy. However, when I resigned in July 2013 (before Diwali), the company did not pay me the bonus for the 15-month period from April 2012 to June 2013 in my full and final settlement.
Could you please advise if the company is liable to pay me the bonus for that period? Can I take any action regarding this matter?
Regards,
Dinesh Dhall
From India, Gurgaon
Make PF deductions effortless with automated calculations & real-time tracking. See It In Action - Book Your Demo
If it is a bonus payable as per POB Act ,then you are eligible.Otherwise it depends on Company policy. Varghese Mathew
From India, Thiruvananthapuram
929From India, Thiruvananthapuram
Dear Dinesh,
As per the Payment of Bonus Act, only employees drawing less than or equal to ₹10,000 are covered. The rest are not mandated for the employer to pay. However, if the bonus is included as part of the CTC and paid yearly, then you have the right to seek the bonus.
Please consult with your company before taking any legal action. Try to find a solution amicably.
From India, New Delhi
As per the Payment of Bonus Act, only employees drawing less than or equal to ₹10,000 are covered. The rest are not mandated for the employer to pay. However, if the bonus is included as part of the CTC and paid yearly, then you have the right to seek the bonus.
Please consult with your company before taking any legal action. Try to find a solution amicably.
From India, New Delhi
Dear,
As per the Bonus Act, an employee who has a basic salary of 10,000 or less is eligible for a bonus. All organizations are required to pay bonuses after 5 years of establishment. In the Bonus Act, it is clearly mentioned that an employer has to declare the bonus within 9 months from 1st April.
As per the calculation, you will receive the bonus before the 30th of November.
From India, Gurgaon
As per the Bonus Act, an employee who has a basic salary of 10,000 or less is eligible for a bonus. All organizations are required to pay bonuses after 5 years of establishment. In the Bonus Act, it is clearly mentioned that an employer has to declare the bonus within 9 months from 1st April.
As per the calculation, you will receive the bonus before the 30th of November.
From India, Gurgaon
Usually, a bonus is related to the business conducted during the last financial year and paid during the current Diwali. If you are eligible, you should receive a bonus related to April 2012-March 2013 this Diwali. Next Diwali, your company will pay you the bonus for April, May, and June 2013.
Ensure there is a single line break between paragraphs.
From India, Mumbai
Ensure there is a single line break between paragraphs.
From India, Mumbai
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.