Sir, please clarify: A person who retired on 31-03-2024 after 15 years of service from a private limited company is eligible for a 2023-24 FY bonus as per the law (Bonus Act). If the employer refuses to give it, what is the next procedure?
Thank you.
From India, R%u0101ich%u016Br
Acknowledge(0)
Amend(0)
1Thank you.
From India, R%u0101ich%u016Br
Acknowledge(0)Amend(0)
If he was under the bonus brackets of a salary of not more than Rs 21,000 for the year 2023-24, or if his conditions of service provide for the payment of a bonus, and he had worked for at least 30 days in 2023-24, he should be paid the bonus now. He cannot be refused the bonus just on the ground that he is not in service now. If the bonus is not paid, he can approach the labor officer.
From India, Kannur
Acknowledge(0)Amend(0)
From India, Kannur
Acknowledge(0)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.
HR Concern for Employer n Employee.doc
Contract employee & Principal employer 2017.pdf
Employee & Employer.ppt