We have hired one retired employee in our organization and are paying approximately Rs. 15,000 as the basic salary per month. Now, he is claiming a bonus. Kindly suggest if there is any age limit for receiving a bonus.
Please be informed that there is no age limit for the payment of bonus. This employee is eligible for a bonus. He is rightly claiming the bonus from you if you are paying bonuses to other employees under the Payment of Bonus Act, 1965.
R N KHOLA
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