Can someone tell me that I an employee leaves his/her company on 9th March 2012 (means worked for 11 months & 9 days) so should the employee eligible for Bonus for yr 2011 - 2012
From India, Bangalore
From India, Bangalore
Dear Shalu
An employee leaves his/her company on 9th March 2012 (means worked for 11 months & 9 days), the employee is eligible for Bonus for yr 2011 - 2012. According to the Payment of Bonus Act, if an employee worked more than 30 days in a year.then he/she is eligible for bonus.
From India, Gurgaon
16An employee leaves his/her company on 9th March 2012 (means worked for 11 months & 9 days), the employee is eligible for Bonus for yr 2011 - 2012. According to the Payment of Bonus Act, if an employee worked more than 30 days in a year.then he/she is eligible for bonus.
From India, Gurgaon
But make sure that the above employee drawing a salary of Rs. 10,000 or below. If the salary above Rs. 10,000, Bonus Act will not applicable to him/her.
In such cases payment in lieu of bonus will be in accordance with the Agreements between Management and Trade Unions/ OAs or as per the discretion of the Management.
Abbas.P.S
From India, Bangalore
In such cases payment in lieu of bonus will be in accordance with the Agreements between Management and Trade Unions/ OAs or as per the discretion of the Management.
Abbas.P.S
From India, Bangalore
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Amendment to Payment of Bonus Act 2015.jpg
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Bonus-amendment _206.doc