Dear All,
Please note that I have worked in a limited company for 3.5 years and every year at the time of Diwali, the company paid me bonus every year as per company policy. But when I resigned on July 2013 (before Diwali), the company did not pay me bonus for 15 months (period april12 to June13) in my full & final settlement.
Please suggest, whether the company liable to pay me bonus for that period ? Can I take any action against the same matter ?
Regards
Dinesh Dhall
From India, Gurgaon
Please note that I have worked in a limited company for 3.5 years and every year at the time of Diwali, the company paid me bonus every year as per company policy. But when I resigned on July 2013 (before Diwali), the company did not pay me bonus for 15 months (period april12 to June13) in my full & final settlement.
Please suggest, whether the company liable to pay me bonus for that period ? Can I take any action against the same matter ?
Regards
Dinesh Dhall
From India, Gurgaon
If it is a bonus payable as per POB Act ,then you are eligible.Otherwise it depends on Company policy. Varghese Mathew
From India, Thiruvananthapuram
910From India, Thiruvananthapuram
Dear Dinesh,
As per Payment of Bonus Act, the employees drawing less than or equal to 10,000 are only covered. Rest are not mandate for the employer to pay. However if the bonus is one among CTC and paid yearly then you've the rights to seek the bonus.
Please go with your company before pleading before any court of law. Try to find solution amicably.
From India, New Delhi
As per Payment of Bonus Act, the employees drawing less than or equal to 10,000 are only covered. Rest are not mandate for the employer to pay. However if the bonus is one among CTC and paid yearly then you've the rights to seek the bonus.
Please go with your company before pleading before any court of law. Try to find solution amicably.
From India, New Delhi
Dear,
As per Bonus Act, an employee who is having Basic salary 10,000 or less than this is eligible for bonus. All the organisation have to pay Bonus after 5 year of establishment.
In Bonus act, it is clearly mention that An employer have to declare the Bonus competition of 09 months from 1st April.
As per the calculation you will receive the bonus before 30th of November.
From India, Gurgaon
As per Bonus Act, an employee who is having Basic salary 10,000 or less than this is eligible for bonus. All the organisation have to pay Bonus after 5 year of establishment.
In Bonus act, it is clearly mention that An employer have to declare the Bonus competition of 09 months from 1st April.
As per the calculation you will receive the bonus before 30th of November.
From India, Gurgaon
Usually bonus is related to business done during last financial year, and paid during current diwali. If at all, you are eligible, this diwali you should get Bonus related to april 2012-march 2013. Next diwali your company will pay you the bonus for april, may , june 2013.
From India, Mumbai
From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
BONUS TO BE PAID BY CHEQUE 7-10-2010 Forwarded message.doc
Amendment to Payment of Bonus Act 2015.jpg