Bonus

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 October 2014 hi,

i am working for MNC in mumbai & already
bonus is added to my CTC & as per the company norms they say that if i join before september the i am eligible for bonus in the coming year april's salary.
it means i will be getting on pro-rata basis i.e from september to december(4months). bonus calculation is from jan to dec. so now i had completed jan to dec (i.e 1year)and leaving the job in the next year by feb14.so they are sayin that i am not eligible for bonus and my inhand salary is Rs.15000pm & basic salary is around RS.9000pm. So please let me know whether i am eligible or not and send me the proper statement with indian law so that i can fight with them

@VaibhavJ

@VaibhavJ (Expert)
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16 October 2014 Hi

Yes you are eligible for Stat Bonus since your basic is less than Rs10k.

Chek this:

http://www.helplinelaw.com/employment-criminal-and-labour/PBNS/payment-of-bonus-under-the-payment-of-bonus-act-1965.html

Thanks

@VaibhavJ

@VaibhavJ (Expert)
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16 October 2014 also try this:

http://taxguru.in/corporate-law/main-provisions-of-payment-of-bonus-act-1965-in-brief.html

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