Should lockdown days be considered for Bonus eligible days ?
From India, Kolhapur
Dear Vinay,
Bonus is payable under the Payment of Bonus Act,1965 to the employees depending on the eligibility of their threshold salary u/s 2(13) and it has to be calculated and paid as a percentage of the total salary earned if they have worked for not less than 30 working days in any accounting year. Lock down is a period of no-employment analogous to lay off. Therefore, if any compensation received by the employees during lock down has to be added to the wages earned in the accounting year for the purpose of statutory bonus. If no wages or compensation is paid by the employer during the period of lock down, that is a different issue. In such a situation, bonus becomes payable on the actual salary received in the accounting for the remaining period.

From India, Salem

If you are knowledgeable about any 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 Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRô

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