Till 2021, I was receiving a salary of x amount and an additional bonus of y amount during Diwali. However, after the salary restructuring in April 2021, the company introduced a new component of advance statutory bonus and adjusted my total to only x amount. I believe this action may be a violation of the bonus act. Please advise.
From India, Pune
Acknowledge(0)
Amend(0)
From India, Pune
Acknowledge(0)Amend(0)
Without knowing what your X amount and Y amount were previously and what your current X amount is, how can we, Z, comment on your query? If you are certain that your employer is violating the law, then approach the employer through legal means. If you simply wish to clarify your doubt, then you should disclose your X and Y amounts.
From India, Kannur
Acknowledge(0)Amend(0)
4768From India, Kannur
Acknowledge(0)Amend(0)
There cannot be every monthly bonus payment; it will certainly violate the provisions of the Payment of Bonus Act 1965. Any payment of bonus made after November of the succeeding year is violative of the Act. The bonus amount would depend on the allocable surplus, and it cannot be determined before the accounts are finalized.
More serious is the breach of service conditions as the bonus has been adjusted in the existing pay. This is an illegal change and will have its legal consequences if taken up legally.
From India, Mumbai
Acknowledge(0)Amend(0)
More serious is the breach of service conditions as the bonus has been adjusted in the existing pay. This is an illegal change and will have its legal consequences if taken up legally.
From India, Mumbai
Acknowledge(0)Amend(0)
You should accept the company’s offer if it legally complies with the minimum bonus requirement. wordle unlimited
From Vietnam, Ho Chi Minh City
Acknowledge(0)Amend(0)
From Vietnam, Ho Chi Minh City
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
Amendment to Payment of Bonus Act 2015.jpg
Salary-Note.doc