Dear Senior, Please suggest, our company was paying bonus to all his employees whether his salary is less than 21000 or more. it was good to all.
but now they are saying that bonus is applicable only those whose basic salary is up to 21000. approximate 40-50 employees are in this list. Is it possible that they can discontinue bonus to their employees.
From India, Bhogpur
8but now they are saying that bonus is applicable only those whose basic salary is up to 21000. approximate 40-50 employees are in this list. Is it possible that they can discontinue bonus to their employees.
From India, Bhogpur
Pl.go thru' the discussion on the matter in this link-
https://www.citehr.com/548650-amendm...a.html#2277950
From India, Bangalore
https://www.citehr.com/548650-amendm...a.html#2277950
From India, Bangalore
Sir, I have read the notification, my question is that my salary is 21500 and i got bonus up to march-2019 but now company is denied to pay bonus for 2019-20 because my salary is more than limit. but last year i got same salary.
so how it can be possible that bonus discontinued . i want getting same salary from last 2 years. so please advise
Thanx
From India, Bhogpur
so how it can be possible that bonus discontinued . i want getting same salary from last 2 years. so please advise
Thanx
From India, Bhogpur
Statutory bonus is payable for the financial year (1.4... to 31.3...) following finalisation of Accounts of the employer subject certain legal provisions. Therefore they would have paid last year which was due for the fin.year 2017-18 payable in 2018-19. Presumably in fin.year 2018-19 your salary would have crossed the cut-off of Rs.21000/- and therefore you are not eligible for the year 18-19. Possibly if the increase took place in-between the fin.year there are chances for proportionate bonus. However check the fact with your HR/Fin. team and get it clarified to your satisfaction.
From India, Bangalore
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Company Profile.ppt
Company Profile Letter - Global Risk Management Services.pdf