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

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.

Please Login To Add Reply






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