I am srikanth, i joined aug 1, 2013, now i resigned(01-08-2014)the job due personal problems. Did i get bonus from factory, kindly suggest me
From India, Jalgaon
Acknowledge(0)
Amend(0)
From India, Jalgaon
Acknowledge(0)Amend(0)
Factors Affecting Bonus Payment
The payment of a bonus depends on the following factors:
1. How old is the company? Is it more than 5 years old?
2. Has the company applied for any waiver based on non-performance?
3. Were you in the worker category or management category?
4. What was your salary? Was it below 10,000 or above 10,000?
Kindly answer these questions for anyone to guide you in your queries.
Regards,
Ashutosh Thakre
From India, Mumbai
Acknowledge(0)Amend(0)
274The payment of a bonus depends on the following factors:
1. How old is the company? Is it more than 5 years old?
2. Has the company applied for any waiver based on non-performance?
3. Were you in the worker category or management category?
4. What was your salary? Was it below 10,000 or above 10,000?
Kindly answer these questions for anyone to guide you in your queries.
Regards,
Ashutosh Thakre
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Mr. Asuthosh, My Gross salary is 10200 per monthly my company established in 2005 my role is Accounts Executive i have an right to fight for Bonus. i need you help.
From India, Jalgaon
Acknowledge(0)Amend(0)
From India, Jalgaon
Acknowledge(0)Amend(0)
In the first five accounting years following the accounting year in which the employer sells the goods produced or manufactured by him or renders services, as the case may be, from such establishment, a bonus shall be payable only in respect of the accounting year in which the employer derives a profit from such establishment. The bonus shall be calculated in accordance with the provisions of this act in relation to that year, but the concept of set-off and set-on will not apply.
Eligibility of Bonus:
Every employee, whether on probation, part-time, contractual, permanent, supervisor, or manager, whose wage is less than or equal to Rs 10,000 and has completed 30 days in an accounting year, is eligible for a bonus. Apprentices under the Apprentice Act are not eligible.
From India, Mumbai
Acknowledge(1)Amend(0)
Eligibility of Bonus:
Every employee, whether on probation, part-time, contractual, permanent, supervisor, or manager, whose wage is less than or equal to Rs 10,000 and has completed 30 days in an accounting year, is eligible for a bonus. Apprentices under the Apprentice Act are not eligible.
From India, Mumbai
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf