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Statutory bonus - bonus should be given to the ex-employees too of that particular financial year?
Hi i have a doubt regarding the statutory bonus to be released for the employees in a financial year. my company released bonus in the last financial year but few employees left the organisation at the time of the release of the bonus. as per the government laws the bonus should be given to the exemployees too of that particular financial year but we are unable to get in touch with three of them due to their address change and mobile number change. now let me know what should be done in that case should cancel the bonus payment or what? please guide
Difference between bonus & statutory bonus?
Hi what is statutory bonus and what is the difference between bonus & statutory bonus. also pls share what is the benefit for employees.
Statutory bonus for employees whose basic sal <10k
Hi is variable component in the ctc is related to the statutory bonus? as my variable pay 15k but i didn t get it as i told tht u have been paid statutory bonus.
Bonus payment
Hi i just want to check if a company has not paid bonus since 2006 and just came to know about the bonus act which states that a minimum bonus shall be bound to be paid to employees. therefore should the bonus be paid for each year since 2006 until 2010 or what is the minimum years of bonus to be covered and paid to the employees. rgds jane malaysia
Bonus eligibility and other details
Dear friends can you please clarify me about bonus calculations; 1. what is the minimum salary for bonus eligibility 2. what is the maximum limit for bonus eligibility 3. what are all emoluments considered for bonus eligibility calculations. 4. what is the difference between bonus and exgratia 5. what is the statutory presentage of bonus to be given? 6. any other details can be useful to me regarding bonus. please post thanks senthil d.
Show statutory bonus in gross & later exclude statutory bonus for esic?
I am now deducted for esic however my salary is 21500 when questioned they say statutory bonus is excluded in gross salary & hence which comes to 20500/ which is as per govt order is this a right practice to show statutory bonus in gross & later exclude statutory bonus for esic