Hi seniors,
Our management has decided to pay three salaries for all employees irrespective of their date of joining or minimum or maximum bonus eligibility as ex-gratia payment but not as bonus.
Is it offence? Because our company define bonus as profit sharing not as gift. Therefore they say this is ex-gratia payment according to our company policy.
Will Labour Inspector under Bonus Act can penalise our company?
Please reply.
Regards,
Rashid
From Saudi Arabia
8Our management has decided to pay three salaries for all employees irrespective of their date of joining or minimum or maximum bonus eligibility as ex-gratia payment but not as bonus.
Is it offence? Because our company define bonus as profit sharing not as gift. Therefore they say this is ex-gratia payment according to our company policy.
Will Labour Inspector under Bonus Act can penalise our company?
Please reply.
Regards,
Rashid
From Saudi Arabia
There is nothing illegal in it. If a company wishes to pay more to its empoyees it is purely company’s wish. Bonus inspector has nothing to do with it. Ravi
From India, New Delhi
From India, New Delhi
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