Dear All, I have query that is bonus and Gratuity applies to Company CEO’s and MD’s. Can any one clarify this with legal recommendation. Thanks in Advance Regards, Pavan
From India, Bengaluru
Acknowledge(0)
Amend(0)
From India, Bengaluru
Acknowledge(0)Amend(0)
Dear Mr. Pavan,
Gratuity is payable to the CEO & MD provided they are in continuous service for 5 years. Similarly, a bonus is payable if Basic+DA is Rs 21,000/- and below. Please do not get carried away by the designation. You have to furnish salary particulars of an employee to determine whether they are eligible for a bonus or not.
From India, New Delhi
Acknowledge(1)
Amend(0)
631Gratuity is payable to the CEO & MD provided they are in continuous service for 5 years. Similarly, a bonus is payable if Basic+DA is Rs 21,000/- and below. Please do not get carried away by the designation. You have to furnish salary particulars of an employee to determine whether they are eligible for a bonus or not.
From India, New Delhi
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.
Bonus eligibility.xls
Doctors on Part Time payment-Gratuit y eligibility- Gujarat High Court.docx
Less than 5 years service - Eligibility for payment of gratuity.pdf