Respected seniors,
If any skilled person resigned from his services w.e.f Nov-12, he is eligible to receive his Minimum Bonus (Rs 2042/- of 07 Months) for the period of 2012-13. The company is denying this by stating that the current year's bonus has not been declared. Therefore, the same will be paid after the declaration, near about the Diwali occasion. I want to know if this is as per the provisions of the act. How long will he have to wait for his small bonus amount?
My question pertains to a situation where an individual was working in Delhi and, due to some reason, resigned from his services and then permanently shifted to his hometown, like Nagaland. For him to receive his small bonus amount, he will have to come from Nagaland to Delhi, incurring a huge expense. Is this justified? Is there no provision in the act that all outstanding dues should be paid in full and final settlement?
Your appropriate suggestions will help the poor person.
From India, Delhi
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1If any skilled person resigned from his services w.e.f Nov-12, he is eligible to receive his Minimum Bonus (Rs 2042/- of 07 Months) for the period of 2012-13. The company is denying this by stating that the current year's bonus has not been declared. Therefore, the same will be paid after the declaration, near about the Diwali occasion. I want to know if this is as per the provisions of the act. How long will he have to wait for his small bonus amount?
My question pertains to a situation where an individual was working in Delhi and, due to some reason, resigned from his services and then permanently shifted to his hometown, like Nagaland. For him to receive his small bonus amount, he will have to come from Nagaland to Delhi, incurring a huge expense. Is this justified? Is there no provision in the act that all outstanding dues should be paid in full and final settlement?
Your appropriate suggestions will help the poor person.
From India, Delhi
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Dear Mr. Singh,
Please find the clarification on your queries regarding payment of the bonus amount:
1. Time Limit for Payment of Bonus: Sec-19 - Within 8 months from the close of the accounting year. Explanation - Bonus is payable within 8 months from the close of the accounting year (31st March), so the bonus is required to be paid by 30th November. (For FY 12-13 Bonus should be paid by 30th Nov 2013). Hence, your employer is not wrong as he is saying they will disburse the bonus near about Diwali.
2. If the employee cannot collect the bonus in person, then you can post (Registered AD) the cheque to his/her address with acknowledgment, and the same can be put in the file.
3. Statutory bonus is not a part of the salary; hence, it could not be paid with F & F.
Hope you got all the answers.
From India, Kota
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Please find the clarification on your queries regarding payment of the bonus amount:
1. Time Limit for Payment of Bonus: Sec-19 - Within 8 months from the close of the accounting year. Explanation - Bonus is payable within 8 months from the close of the accounting year (31st March), so the bonus is required to be paid by 30th November. (For FY 12-13 Bonus should be paid by 30th Nov 2013). Hence, your employer is not wrong as he is saying they will disburse the bonus near about Diwali.
2. If the employee cannot collect the bonus in person, then you can post (Registered AD) the cheque to his/her address with acknowledgment, and the same can be put in the file.
3. Statutory bonus is not a part of the salary; hence, it could not be paid with F & F.
Hope you got all the answers.
From India, Kota
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