MR Madhu
I have an important discussion on Bonus:
1.Bonus is issued generally on Diwali to employees by the company
2.Bonus issued this diwali is for the immediate preceding financial year. Is it ok
3The management declares a 20% bonus to emplyees.and has been paying a bonus of 43200 for a staff with a basic pay of Rs 18000 and 45600 for a staff with a basic pay of 19000 for more than 3 years
4This year also they declare 20% bonus but one staff who has left the services in june 2011 is asking whether he should get bonus as per point 3 above or a reduced bonus of 8.33%
Pl clarify.Hope the point is clear
Thank you Madhu ! for your verdict in advance
I have an important discussion on Bonus:
1.Bonus is issued generally on Diwali to employees by the company
2.Bonus issued this diwali is for the immediate preceding financial year. Is it ok
3The management declares a 20% bonus to emplyees.and has been paying a bonus of 43200 for a staff with a basic pay of Rs 18000 and 45600 for a staff with a basic pay of 19000 for more than 3 years
4This year also they declare 20% bonus but one staff who has left the services in june 2011 is asking whether he should get bonus as per point 3 above or a reduced bonus of 8.33%
Pl clarify.Hope the point is clear
Thank you Madhu ! for your verdict in advance