Bonus & Exgratia - Pdf Download

shantanu_manna

Hi friends
Sure you all have enjoyed Diwali.
Currently what are the eligibility criteria of an employee for Bonus as per the ACT with its latest amendments. I am asking in relation to the salary and level an employee belongs to (i.e. bargaining or executive/ Management staff).
When does an employee lose the eligibility for bonus to be given exgratia?
Could anyone throw some light on this.
Shantanu

p ramachandran

As per the amendment of the Payment of Bonus ACt, the elegibility of persons drawing a salary of Rs.2500 to Rs.3500 is raised.Please see the attachement.

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