aashish-bohra
Hi, I am on notice period in my current job. It will be completed on 20th July 2019. I am going to ask for my bonus for financial year 18-19. Is there any rules or law for bonus, so i can ask on behalf of that to my HR.
From India, Jaipur
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Umakanthan53
Labour Law & Hr Consultant
Suresh2511
Labour Consultant
Rajiv Jain
Hr & Admin

umakanthan53
5970

Time-limit for payment of bonus has been fixed u/s 19 of the Payment of Bonus Act,1965.
In case of any disputed claim for bonus under the Act, the bonus should be paid within a month from the enforceable date of the award or the date of operation of the settlement relating to the dispute.
In any other case, it should be paid within a period of 8 months from the close of the accounting year.
Coming to the query, the accounts of the establishment for the accounting year 2018 - 19 would have been closed on 31-03-2019 and as such , the employer can have time for payment till 30-11-2019. However, since the poster's formal exit is likely to be effective from 20-07-2019, he can ask for bonus to be included in his F&F settlement. The employer is bound to pay if the quantum of bonus is decided and declared for the accounting year and if not the poster has to wait till 30-11-2019.

From India, Salem
suresh2511
244

If you are drawing Basic salary plus DA below Rs.21,000/- per month, you are eligible for Minimum Bonus amount of Rs.7,000/- for whole year or as per the minimum wages applicable to your grade whichever is higher.
You are eligible for Bonus 2018-19 (01.04.2018 to 31.03.2019) on or before 30.11.2019 and Bonus for the period from 01.04.2019 to 20.07.2019 on or before 30.11.2020 (Financial Year 2019-20).
If your Company has policy to pay Bonus to employees thru settlement they may pay you, else you are entitle as per above.
Regards,
Suresh

From India, Thane
Rajiv Jain
3

Please advise Maximum Bonus amount for whole year .
From India, New Delhi
aashish-bohra
Hi, i had demand for my bonus before my relieving. At that time, HR and payroll officer of my company told me that if I want to get my bonus, my f&f get delayed as they will release my F&F with bonus amount at the time when they will release bonus for the company. I was agree for thale delay, but now without any information they had released my F&F without bonus. When I tried to contact via phone, they are not going to give me satisfied answer. Now I am going to write an e mail regarding this. Now my question is this, is there any place or forum or institution where I can raise my complain ? And what is the procedure to get my bonus amount as O worked for my company and I think it is my right to get my bonus amount. Please suggest and brief me the process.
From India, Jaipur

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