Dear All, I Need one clarification about the Bonus... Contract labors we paid a bonus monthly basis as per the Bonus Act saying those who have completed 30 days that employees are eligible. For new joiners' first month makes them eligible or not?
From India, Chennai
When statutory bonus is payable on yearly basis, why should you pay it on monthly basis? It is not a good practice whether the employee is a regular workman or contract labor.
One gets eligibility for bonus only when he has worked for 30 working days in an accounting year.
From India, Salem
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