In an accounting year if the actual working days is less than 30, as per the act, not eligible. But it is upto the Management to give it or not.
From India, Tiruchchirappalli
3From India, Tiruchchirappalli
You mean whether the attendance including holidays and leave or actual working days?
From India, Bangalore
From India, Bangalore
Yes Mr.Ceramic Anbalagan. I agree with you.In such cases it is up to the Management to decided.
From India, Bangalore
From India, Bangalore
Bonus payable as per Bonus Act is a statutory payment, there is a little chance that the Management can do anything as per my view. The Act has to be fulfilled as it is a statutory obligation.
From India, Ahmadabad
From India, Ahmadabad
Dear Saji, Yes,you are right. Bonus has to be paid as per the applicability, terms and conditions laid down in the Payment of Bonus Act.
From India, Bangalore
From India, Bangalore
No, the Act state as under
"(a) he has been laid off under an agreement or as permitted by standing orders under the Industrial Employment (Standing Orders) Act, 1946 (20 of 1946), or under the Industrial Disputes Act, 1947 (14 of 1947), or under any other law applicable to the establishment;
(b) he has been on leave with salary or wage;
(c) he has been absent due to temporary disablement caused by accident arising out of and in the course of his employment; and
(d) the employee has been on maternity leave with salary or wage, during the accounting year."
Hence it is not the actual days worked, but the days for which the salary is paid.
Abbas.P.S
From India, Bangalore
"(a) he has been laid off under an agreement or as permitted by standing orders under the Industrial Employment (Standing Orders) Act, 1946 (20 of 1946), or under the Industrial Disputes Act, 1947 (14 of 1947), or under any other law applicable to the establishment;
(b) he has been on leave with salary or wage;
(c) he has been absent due to temporary disablement caused by accident arising out of and in the course of his employment; and
(d) the employee has been on maternity leave with salary or wage, during the accounting year."
Hence it is not the actual days worked, but the days for which the salary is paid.
Abbas.P.S
From India, Bangalore
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Bonus Calculation.xls
BONUS CALCULATION RULE (1).pdf