Am I Entitled to a Bonus and Final Pay for My Last Days at Work in India?

sandeeepthorat
I was working in a company from May 1, 2010, to March 7, 2013. I received my salary on the 7th and resigned from the job the next day. The company provides bonuses to employees based on their salary levels. Those earning below ₹10,000/month receive one month's salary as a bonus, while those earning above ₹10,000/month receive a bonus of ₹9,999.00. The bonus amount is calculated based on the number of days worked during the financial year, which in this case is from April 2012 to March 2013.

I would like to know how much bonus I am entitled to as per Indian law. Additionally, I am curious if I will receive payment for the last 7 days of work in March.
abbasiti
How much is your salary? If it is up to Rs. 10,000, you are eligible for a bonus as per the Act. If it is beyond Rs. 10,000, you are not eligible. Management may pay in lieu of a bonus, which is called a "day." It may be as per their wish or based on agreements with the representative bodies.

Regards,
Abbas.P.S
abbasiti
How much is your salary? If it is up to Rs. 10,000, you are eligible for a bonus as per the Act. If it is beyond Rs. 10,000, you are not eligible. Management may pay in lieu of a bonus, which is called Ex-gratia. It may be as per Management's wish or based on agreements with the representative bodies.

Regards,
Abbas.P.S
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