Bonus - gross salary till Oct is 19500 & in sep its 21500 is he eligible for bonus? - CiteHR
Umakanthan53
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If candidate gross salary is above in mid of year is he eligible for bonus. Example: gross salary till Oct is 19500 & in sep its 21500 he is eligible for bonus for that FY.
Entitlement to statutory bonus stops the moment when the salary of the concerned employee crosses the ceiling of Rs. 21000-00 p.m.
However, if it so happens in the middle of an accounting year, bonus should be paid only for the period the employee's salary remained within the ceiling.

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