Nilendra's answer is perfect and is followed for the payment of bonus. Currrent amendenment being effective from 01.04.06 any eligible employee whose wage is <or = Rs. 10,000/- is eligible for bonus whether he is in employmnent or not.
regards
NKT
From United States, Cambridge
3regards
NKT
From United States, Cambridge
My previous company had a policy to pay Statutory bonus @ 20 % for the employees who are covered under the Bonus Act. And for the employees who are not covered under the Bonus act were getting Bonus in the form of Ex-gratia for one month or 1/2 month. I left the company on 25th April 08 and I was working as manager p & A. My basic was 10,000/- and total gross was 24000/-. Company has paid bonus to all the employees for one month salary. In my case I was eligible for Statutory Bonus 8400/- and balance 15,600/-. Now the company is refusing to pay the bonus stating that company is not liable to pay bonus to the left employees. I have worked there more than 6 years. I donot want to spoil my relation with them. But they are completely denying to pay bonus. Please help me.
Ravi
From India, New Delhi
Ravi
From India, New Delhi
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc