Hi, Can anyone let me know whether unpaid leave is supposed to be deducted from the yearly bonus payout? Thanks. Agatha
From Malaysia, Cheras
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From Malaysia, Cheras
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Hi there. Thanks for the comments. My company doesn't take into account the leave without pay when calculating bonuses. However, a friend of mine shared with me that her company practices the other way around. Their reason is that by not accounting for the leave without pay, staff may feel demoted.
From Malaysia, Cheras
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From Malaysia, Cheras
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Dear all How to prepared the notice for morning attandance in time. those employees are not coming in time notice for that. Thanks/regards sanjeev kumar
From India, New Delhi
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1From India, New Delhi
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As per the Payment of Bonus Act, the bonus is paid based on the earnings, which include basic salary and DA. If an employee takes leave (sanctioned and should be in his credit), he has still earned his salary, making him eligible for the bonus. However, if he is marked as absent, he has not earned, and thus the bonus is not payable.
I didn't understand what you mean by "unpaid leave." Please clarify.
The bonus calculations follow the guidelines outlined in the Payment of Bonus Act. For further clarification, feel free to contact me.
Nagaraj
Email: nagaraj1946@gmail.com
From India, Bangalore
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I didn't understand what you mean by "unpaid leave." Please clarify.
The bonus calculations follow the guidelines outlined in the Payment of Bonus Act. For further clarification, feel free to contact me.
Nagaraj
Email: nagaraj1946@gmail.com
From India, Bangalore
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Hi, the unpaid leave that you're referring to here is when you're still not entitled to apply for it (since still under probation) and/or unpaid leave taken when all your actual leave entitlement has been fully utilized.
From Malaysia, Cheras
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From Malaysia, Cheras
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In my previous organization, we were deducting bonus amounts for unpaid leave. There, unpaid leave meant when you had taken excess leave than your entitlement.
The same rule applied to PF deduction as well.
From India, Delhi
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The same rule applied to PF deduction as well.
From India, Delhi
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well, it’s taking leave without being paid. OR it’s when you have fully utilized your annual leave and the leave without pay to take into action. Did i manage to get you to understand?
From Malaysia, Cheras
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From Malaysia, Cheras
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BONUS CALCULATION FOR W.B.Govt employee for 2010-2011.xls
LEAVE-ATTENDANC E POLICY.doc
LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf