can company deny to give bonus of previous financial year if i resigned in current financial year before the bonus payout date.
From India, Mumbai
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From India, Mumbai
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No. A bonus is a retrospective payment to an eligible employee for the services rendered by them in the accounting year for which the bonus is calculated. It is based on the performance of the establishment and is paid in the succeeding year. Therefore, resigning in the current accounting year before the disbursement of the bonus for the previous accounting year cannot disentitle the employee from receiving the bonus.
From India, Salem
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6108From India, Salem
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I am a government employee. Can I apply for private and MNC company? What’s the procedure?for applying in private sector ? prior information is necessary to employer or not.
From United States
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From United States
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf