I would like to know the eligibility for a bonus. I was working with XYZ company from Aug '06 to May '08. I received a bonus for the period from Aug '06 to Mar '07. However, from Apr '07 to May '08, I didn't receive it. I left the organization in May '08, and even in my F&F settlement, I didn't receive the bonus. When I inquired about the same, they said I was not eligible. I would like to know the eligibility.
Thank you.
From India, Bangalore
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Thank you.
From India, Bangalore
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Please refer to the criteria below as per the Bonus Act 1965, or you can also refer to the attached file for more details.
Eligibility for Bonus
Every employee shall be entitled to be paid by their employer a bonus in an accounting year, in accordance with the provisions of this Act, provided they have worked in the establishment for not less than thirty working days in that year.
Disqualification for Bonus
Notwithstanding anything contained in this Act, an employee shall be disqualified from receiving a bonus under this Act if they are dismissed from service for:
- Fraud; or
- Riotous or violent behavior while on the premises of the establishment; or
- Theft, misappropriation, or sabotage of any property of the establishment.
Regards,
Sunil Verma
AM-HR Indiabulls
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Eligibility for Bonus
Every employee shall be entitled to be paid by their employer a bonus in an accounting year, in accordance with the provisions of this Act, provided they have worked in the establishment for not less than thirty working days in that year.
Disqualification for Bonus
Notwithstanding anything contained in this Act, an employee shall be disqualified from receiving a bonus under this Act if they are dismissed from service for:
- Fraud; or
- Riotous or violent behavior while on the premises of the establishment; or
- Theft, misappropriation, or sabotage of any property of the establishment.
Regards,
Sunil Verma
AM-HR Indiabulls
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The Payment Of Bonus Act, 1965 5 november 2016.pdf
Bonus Act - 1965 - 1.ppt
Payment of Bonus Act 1965.doc