Dear Member,
If your establishment is covered under the Payment of Bonus Act, 1965 & is less than five years old then go through section 16 to see for which of the accounting years you are required to pay bonus to the eligible employees.
R.N.Khola
Yes, this is now confirm there is no change in Payment of Bonus Act regarding hike ceiling rate and percentage.
Pawan Kumar Agrahari
Sr. Executive-HR
Shree Baidyanath Ayurved Bhawan Pvt. Ltd.
Naini, Allahabad.
I got probation on 13/06/2016 and bonus deduction started.
I got confirmation on 13/12/2016 and
I was resigned my job on 03/08/2017.
So my previous employer give me bonus for the year JUN 2016 to MAR 2017.
and remaining will be in SEP OR OCT 2017.
As I resigned , employer have to gave me all deductions with full and final settlement or not.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute