Hi seniors,
Our management has decided to pay three salaries to all employees regardless of their date of joining or minimum or maximum bonus eligibility as an ex-gratia payment, not as a bonus. Is this an offense? Our company defines a bonus as profit sharing, not as a gift. Therefore, they consider this an ex-gratia payment according to our company policy. Can the Labour Inspector under the Bonus Act penalize our company?
Please reply.
Regards,
Rashid
From Saudi Arabia
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8Our management has decided to pay three salaries to all employees regardless of their date of joining or minimum or maximum bonus eligibility as an ex-gratia payment, not as a bonus. Is this an offense? Our company defines a bonus as profit sharing, not as a gift. Therefore, they consider this an ex-gratia payment according to our company policy. Can the Labour Inspector under the Bonus Act penalize our company?
Please reply.
Regards,
Rashid
From Saudi Arabia
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There is nothing illegal in it. If a company wishes to pay more to its empoyees it is purely company’s wish. Bonus inspector has nothing to do with it. Ravi
From India, New Delhi
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From India, New Delhi
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Public Notice from Government of Maharashtra Department of Labour Bonus payment through banks on.pdf
Amendment to Payment of Bonus Act 2015.jpg