Hi friends,
I hope you all enjoyed Diwali. I am curious about the current eligibility criteria for employee bonuses as per the latest amendments in the ACT. Specifically, I am interested in understanding how an employee's salary and level (bargaining, executive, or management staff) influence their eligibility for a bonus.
I would also like to know when an employee might lose eligibility for receiving ex-gratia bonuses. Could someone provide some insights on this?
Thank you,
Shantanu
From India, Calcutta
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I hope you all enjoyed Diwali. I am curious about the current eligibility criteria for employee bonuses as per the latest amendments in the ACT. Specifically, I am interested in understanding how an employee's salary and level (bargaining, executive, or management staff) influence their eligibility for a bonus.
I would also like to know when an employee might lose eligibility for receiving ex-gratia bonuses. Could someone provide some insights on this?
Thank you,
Shantanu
From India, Calcutta
Acknowledge(0)Amend(0)
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc