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NKTiwari
3

Nilendra's answer is perfect and is followed for the payment of bonus. Currrent amendenment being effective from 01.04.06 any eligible employee whose wage is <or = Rs. 10,000/- is eligible for bonus whether he is in employmnent or not.
regards
NKT

From United States, Cambridge
ravit_72@yahoo.com
1

My previous company had a policy to pay Statutory bonus @ 20 % for the employees who are covered under the Bonus Act. And for the employees who are not covered under the Bonus act were getting Bonus in the form of Ex-gratia for one month or 1/2 month. I left the company on 25th April 08 and I was working as manager p & A. My basic was 10,000/- and total gross was 24000/-. Company has paid bonus to all the employees for one month salary. In my case I was eligible for Statutory Bonus 8400/- and balance 15,600/-. Now the company is refusing to pay the bonus stating that company is not liable to pay bonus to the left employees. I have worked there more than 6 years. I donot want to spoil my relation with them. But they are completely denying to pay bonus. Please help me.
Ravi

From India, New Delhi
Nirupa Guru
One of our worker left before close of accounting year, in that how the bonus settlement will be done during the full and final settlements. Regards Nirupa
From India, Jharsuguda
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