Korgaonkar K A

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
One of my employee worked with us for only 7 months and resigned and he is asking for bonus and leave encasement in his full and final. Is he eligible for bonus?
Dear, As per bonus act if anyone has been worked 30 days or more in a financial year, then he/she is eligible for bonus.
The employee is eligible for payment of bonus but now now. If his basic component is less than Rs. 21000, he is eligible for bonus. He is eligible for bonus when you declare it on the basis of profit / allocable surplus after adjusting set off & set on. You have to declare & pay the bonus with in 8 months on completion of financial year.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™