Bonus Calculation Query
I just want to confirm the details about the bonus calculation. I joined my present company on 14.04.2017, and today I had a discussion with our HR person regarding the bonus calculation, as I heard from my fellow employees that the calculation is confusing. In our discussion with HR, it was understood that the company will calculate the bonus from the date of confirmation only and not from the date of joining. The most amusing thing is that HR will provide confirmation at their discretion. In my case, it happened only after 6.5 months, i.e., on 01.11.2017. Could someone kindly help me clarify whether this practice is lawful or if an employee can demand a bonus from the date of joining itself?
Thanks & regards,
Anish Kumar
From India, Delhi
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I just want to confirm the details about the bonus calculation. I joined my present company on 14.04.2017, and today I had a discussion with our HR person regarding the bonus calculation, as I heard from my fellow employees that the calculation is confusing. In our discussion with HR, it was understood that the company will calculate the bonus from the date of confirmation only and not from the date of joining. The most amusing thing is that HR will provide confirmation at their discretion. In my case, it happened only after 6.5 months, i.e., on 01.11.2017. Could someone kindly help me clarify whether this practice is lawful or if an employee can demand a bonus from the date of joining itself?
Thanks & regards,
Anish Kumar
From India, Delhi
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Your company is wrong. The bonus entitlement starts from the date of joining and not on confirmation. If you are not covered under the Payment of Bonus Act and the company still wishes to consider a bonus for you, the company can have its own terms and conditions.
From India, Mumbai
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191From India, Mumbai
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Date Calculation.xls
BONUS CALCULATION RULE (1).pdf