Bonus Eligibility Dilemma: Does Resigning in March Affect Your Financial Year Bonus?

If an employee works for the entire financial year, i.e., from 1st April to 31st March, and submits their resignation on the 15th of March with a notice period of one month, their last working day would be on the 15th of April in the next financial year. Are they eligible for a bonus for that financial year?

If an employee works for a minimum of 30 days in a financial year, they are eligible for a bonus. Therefore, the said employee is eligible for a bonus for the current financial year, but not for the next year. As per the Payment of Bonus (POB) Act, employees drawing wages (basic + DA) up to Rs. 10,000 per month are eligible for a bonus.

Regards,

Dear sir,

Thank you for your reply. If the employee's salary exceeds 20k per month, is he eligible for a bonus? He works in a limited company in the financial operations department.