One of our permanent employee left the organisation in Nov - 2018. The company has declared 1/2 month CTC as bonus for Diwali 2019. Now this employee who left the company is asking for bonus. Should we pay him bonus or need not because he has left the company in Nov 2018 itself? we have paid him his dues in full and final settlement including Gratuity and Leave encashment. Please advise.
From India, Hyderabad
The statutory bonus @ 8.33% of the salary earned for period from 1st April 2018 till his leaving the company should be paid as bonus to the employee left service,provided during this period he has worked for 30 days.
From India, Kannur
As per bonus act 1965 The employee who have completed 30 days in a year those employees are eligible for bonus. As per my knowledge bonus amount did not show in full and final settlement.
From India, Hyderabad
As rightly discussed above , if a person worked for a minimum period of 30 days in any financial year he will automatically be paid bonus as may be decided by company subject to loss of pay deductions if any . It does not matter whether the person is continuing or left the organization, if one is eligible as per Bonus Act, he has to be paid .
From India, Visakhapatnam
rkn61
458

Left employee is also eligible to receive Bonus and he needs to be paid.
From India, Aizawl
DEAR SIR, HAVE NOT RECEIVED THE FULL & FINAL FROM THE COMPANY i.e NTL ELECTRONICS INDIA LTD. FROM JAN 2019. WHAT SHOULD WE DO FOR THAT. PLEASE SUGGEST
From India, Mumbai

If you are knowledgeable about any other fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server