Hi Iam working in public sector since 1.5years.our company is loss making so i need details of diwali ex-gratia eligible criteria.
From India, Indore
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1From India, Indore
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Ex gratia is any amount that management decides to pay at their will. For the bonus, kindly check the attachment. If the employee is ESIC applicable, then we need to deduct 1.75% from his share of the total amount of ex gratia.
Regards,
Nikhil
From India, Pune
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Regards,
Nikhil
From India, Pune
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Payment of ex-gratia is not statutory. If your company is experiencing losses, it is quite natural that the employer will hesitate to pay ex-gratia. If your monthly salary (generally basic + DA) is Rs. 10,000 or below, you are eligible for a bonus even if your company is in a loss.
Regards,
Abbas.P.S
From India, Bangalore
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Regards,
Abbas.P.S
From India, Bangalore
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Bonus eligibility.xls
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf