Dear HR Members, I am seeking your help with one of the questions related to the Payment of Bonus Act. My question is as follows: "Can an employee/worker claim a Statutory Bonus after three years of leaving his job?"
Many Thanks,
Mahesh Sharma
From India, Delhi
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Many Thanks,
Mahesh Sharma
From India, Delhi
Acknowledge(0)Amend(0)
Dear Mahesh,
In the event of a settlement or award, if any employee is eligible for a statutory bonus, it is advisable to claim it within a period of one year (as specified in Section 21 of the Act).
It is important to note that under certain circumstances, the time limit may be extended if the appropriate Government is satisfied that the applicant had valid reasons for not submitting the application by the original due date.
However, it is important to be aware that some state Labor Welfare Fund Acts define bonus as unpaid accumulations. If you fail to claim your bonus within three years, your employer is obligated to deposit the amount with the LWF Board.
From India, Bangalore
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27In the event of a settlement or award, if any employee is eligible for a statutory bonus, it is advisable to claim it within a period of one year (as specified in Section 21 of the Act).
It is important to note that under certain circumstances, the time limit may be extended if the appropriate Government is satisfied that the applicant had valid reasons for not submitting the application by the original due date.
However, it is important to be aware that some state Labor Welfare Fund Acts define bonus as unpaid accumulations. If you fail to claim your bonus within three years, your employer is obligated to deposit the amount with the LWF Board.
From India, Bangalore
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SC Judgment-No obligation to excess contribution than Statutory Limit.docx
Extension in Time Limit For TRAN-1.pdf