Legal Steps for Bonus Recovery
One of the staff members worked with a bank last year for 11 months (he joined the bank in 2000), and management is refusing to give a bonus for the 11 months of last year. In such a case, what will be the legal steps to take for recovery?
Regards,
Kishor Brahme
From India, Pune
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One of the staff members worked with a bank last year for 11 months (he joined the bank in 2000), and management is refusing to give a bonus for the 11 months of last year. In such a case, what will be the legal steps to take for recovery?
Regards,
Kishor Brahme
From India, Pune
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The employee will get bonus if he has 30 working days kindly go through the act. amount should be on prorata basis.
From India, Hyderabad
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170From India, Hyderabad
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Was the employee under the purview of The Payment of Bonus Act? If yes, please approach the labor authorities after giving the bank officials an opportunity to pay up. If the answer is no, then you have no legal recourse unless it is specifically agreed upon in his appointment letter.
Regards,
Preetam Deshpande
From India, Mumbai
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Regards,
Preetam Deshpande
From India, Mumbai
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc