Hi All,
One of our employees had resigned from the job, and we stopped him from coming to the office. We paid him 2 months' salary as the notice period.
I have a question regarding his eligibility for the statutory bonus, as there was no contribution from his service to the company during those 2 months.
Regards
From India, Bengaluru
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One of our employees had resigned from the job, and we stopped him from coming to the office. We paid him 2 months' salary as the notice period.
I have a question regarding his eligibility for the statutory bonus, as there was no contribution from his service to the company during those 2 months.
Regards
From India, Bengaluru
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Whether he contributes to the company or not, you need to pay salary and bonus for the period he worked in your company. In a financial year, if he worked more than 30 days, he is eligible for a minimum bonus of 8.33%.
From India, New Delhi
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450From India, New Delhi
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Dear Munir, The only option to avoid payment of bonus will be eligibility criteria. If person had earned gross salary more than 21000/- then you may exclude payment of bonus for the same associate.
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Hi Muniraju, I suggest you to calculate the bonus based on his attendance. The 2 Months salary amount is paid only for lieu of his/her notice period. .
From India, Chennai
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From India, Chennai
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Your details are incomplete. What was his date of joining? How long did he work? Nobody pays attention to the notice period for a very new employee. Bonuses are not payable on the notice salary.
Regards,
Bharat Gera
HR Consultant
9322404765
From India, Thane
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Regards,
Bharat Gera
HR Consultant
9322404765
From India, Thane
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Dear fellow,
First of all, his eligibility for a bonus under the Act has to be checked. Assuming that he is eligible, in my view, no bonus is payable on the notice period. Statutory bonus is payable on wages earned for having worked by attending duties. The notice pay is a contractual obligation and cannot be equated with days worked.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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First of all, his eligibility for a bonus under the Act has to be checked. Assuming that he is eligible, in my view, no bonus is payable on the notice period. Statutory bonus is payable on wages earned for having worked by attending duties. The notice pay is a contractual obligation and cannot be equated with days worked.
Regards,
Vinayak Nagarkar
HR Consultant
From India, Mumbai
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What was his date of joining? How long did he work? Nobody pays attention to the notice period for a very new employee. Has he worked for at least the minimum number of working days (180 to 240 working days) as per the management decision? If so, he should be paid a bonus, which may be paid later along with the rest of the employees.
From India, Visakhapatnam
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From India, Visakhapatnam
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