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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