urgent bonus query

subodh mudgal · #1 (**permalink**) 23-11-2007, 04:37 PM

Good afternoon to all

I am Subodh mudgal working in manufacturing company & want to know what is the provision in bonus act for left employees.for example a person who has worked in a company from June06 to April 07.how can we pay the bonus to the left employee.Should we send a cheque to his permanent address or ask him to come in company to collect the bonus amount or in another way .what is the laibility of the company for unpaid bonus.plz tell me the legal way & mode of payment of bonus to be paid to the left employees.

Raj Meritech · #2 (**permalink**) 23-11-2007, 04:40 PM

You can pay him the bonus either by cheque or by cash as you think suitable. But you should get a receipt of bonus from that employee. There is no any provision for this.

Thanks

Raj

Sathiyaseelan · #3 (**permalink**) 23-11-2007, 04:44 PM

Hi,

I would suggest you to make it through the payroll with final setlement or by asking the individual to collect it personaly.

Regards
Sathiya

rajanassociates · #4 (**permalink**) 23-11-2007, 06:55 PM

Dear

The Bonus Act ceiling has been raised w.e.f 2007-2007.It is Management has a duty to send it. Prepare a DD and send it by RPAD or send a letter asking the person to come over if he is available locally.But for out station persons you have to send it by post.Once the DD is posted your liability ends.

with kind regards,

V.Sounder Rajan
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai – 600 001.
E-mail :

Off : 044-42620864, 044-65874684
Mobile : 98401 42164,

subodh mudgal · #5 (**permalink**) 24-11-2007, 11:13 AM

Thanks to all for providing me the information.
Regards
Subodh Mudgal

afroj Ahmad · #6 (**permalink**) 24-11-2007, 11:32 AM

Dear All,
Please help me about for calculation of bonus. If an employee has 7 days absent in a particular month. how should i calculated bonus for the particular month. Also if employees have earned salary exceeds Rs. 2500.00.

which is calculated at rate of 20% of salary assuming salary Rs.2500.00 per month. (2500*20% = 500) OR (1917*20% = 383)

thanks
A.Afroj

rajanassociates · #7 (**permalink**) 24-11-2007, 08:57 PM

Dear

Do not be too technical in calculation .Bonus is paid annually.If Salary is Rs 2500/-p.m then Rs 2500/-X 12 = 30000 X 8.33% minimum Bonus or X 20 % Maximum Bonus. Dont be bothered about days stuff.

With Regards

V.Sounder Rajan
VS Rajan Associates,
Advocates & Notaries,
No.27, Ist Floor, Singapore Plaza,
No.164, Linghi Chetty Street,
Chennai - 600 001.
E-mail :

Off : 044-42620864, 044-65874684,
Mobile : 98401 42164.

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