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Hi this is vikas , I want to know, is the bonus mandatory to be given with full and final or it can be given after full and final given to employee?
20th February 2019 From India, New Delhi
Statutory Bonus has to be calculated only after the close of the Accounting Year for which it pertains to and to be disbursed to the employees within 8 months from the close of the AY.
Therefore, in case of employees leaving the establishment any time during the AY, Bonus need not be paid along with the F&F settlement and can be paid later when bonus is quantified and paid.
20th February 2019 From India, Salem
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