Bonus Eligibility and Company Bonus Enquiry - as well as the availability of the company bonus slip

Dear HR team,

I hope this email finds you well. I would like to inquire about the eligibility criteria for the upcoming bonuses, as well as the availability of the company bonus slip for the period from October 2022 to September 2023.

The individual in question worked for the company during this entire period but unfortunately resigned in September. I would like to know if they are still eligible to receive their bonus for this timeframe. As a dedicated employee, it is important to have transparency and clarity regarding such matters. Understanding the eligibility criteria and obtaining the bonus slip will not only provide reassurance but also help in financial planning.

Eligibility for a bonus is determined by the attendance of the employee. Any employee who has worked for at least 30 days in the financial year will receive a bonus based on their actual days worked and salary received. This applies to employees whose salary does not exceed Rs 21,000 per month. The bonus rate will range from 8.33% to 20%, depending on the company's profit.

There is no bonus payout for the period from October to September unless this timeframe aligns with the financial year, which typically runs from April to March. Assuming the same financial year, if an employee has worked for more than 30 days in the previous financial year (2022-23), they should be paid a bonus for the period from their date of joining in October 2022 until March 2023 in the current year. For the period from April 2023 until their date of exit in September 2023, if they have worked for 30 days, they will be entitled to a bonus, payable in 2023-24.

As a statutory right, bonuses must be paid to all employees falling within the specified criteria (salary not exceeding Rs 21,000 and working for 30 days in the financial year), regardless of their dedication level. However, a bonus can be denied to employees who have been dismissed for fraud, riotous behavior on the premises, or theft, misappropriation, or sabotage of company property.