Hello frend
plse clearify that an employee who has left the organization,
and he could not get his bonus of that year.
What will be his bonus.
Is there any rule to deposite the non paybale ammount of bonus.
Plse reply as per the bonus act.
From India, Jaipur
plse clearify that an employee who has left the organization,
and he could not get his bonus of that year.
What will be his bonus.
Is there any rule to deposite the non paybale ammount of bonus.
Plse reply as per the bonus act.
From India, Jaipur
167
Thanks Mr. Malik But plese call me that there is any provisions in Bonus Act to open in separate account operated by the Employer or Government Authorities
From India, Jaipur
From India, Jaipur
Mr.Karnarun,
As per Industrial Employment (standing orders) act 1946,
If the workman so desires, the unpaid wages and other dues payable to him shall be remitted to his address by money order after deducting there from the money order commission charges.
If it is unclaimed, then it can be deposited with labour commissioner.
From India, Lucknow
As per Industrial Employment (standing orders) act 1946,
If the workman so desires, the unpaid wages and other dues payable to him shall be remitted to his address by money order after deducting there from the money order commission charges.
If it is unclaimed, then it can be deposited with labour commissioner.
From India, Lucknow
Please appreciate the following clarifications:
1. Employees on a salary of Rs.10000/- p.m. or less are entitled for Bonus.
2. Any employee who has worked for at least 30 days in the applicable financial year, is
entitled to receive Bonus as declared by the Co.
3. An ex-employee, if he fulfills the condition of eligibility, is also entitled to receive Bonus
just the way the other regular employees on rolls of the Co. are.
4. Unpaid wages and Bonus, after a certain period (I am not too sure about the time-frame. I think it is two years) is required to be deposited in Labour Welfare Fund with the Labour Welfare Commissioner.
5. The bst way to handle such matters is to send the due money to the ex-employee on his last known address.
6. It is wrong to believe that only workers are entitled to Bonus.
Cheers!!!!
Vasant Nair
From India, Mumbai
1. Employees on a salary of Rs.10000/- p.m. or less are entitled for Bonus.
2. Any employee who has worked for at least 30 days in the applicable financial year, is
entitled to receive Bonus as declared by the Co.
3. An ex-employee, if he fulfills the condition of eligibility, is also entitled to receive Bonus
just the way the other regular employees on rolls of the Co. are.
4. Unpaid wages and Bonus, after a certain period (I am not too sure about the time-frame. I think it is two years) is required to be deposited in Labour Welfare Fund with the Labour Welfare Commissioner.
5. The bst way to handle such matters is to send the due money to the ex-employee on his last known address.
6. It is wrong to believe that only workers are entitled to Bonus.
Cheers!!!!
Vasant Nair
From India, Mumbai
Hi,
After gone through the Discussion one point was missing which need clarification:
As per provisions of bonus act 1965, the eligibility conditions is that one must have worked not less than 30 days of the year for elible for bonus.
My point of discussion is :
1. If person has joined on 5.3.2012 (FY 2012-13) , will he get bonus of FY 2011-12, if employee is still working in FY 12-13 or still working .
2. If the person left on 25.04.2013, will he get the bonus of FY 2013-14 in Full and Final Settlement and date of joining is 01.01.2010
My concern is : In both the conditions person has not completed minimum of 30 days in particular financial year but length of service is long say 3+ years.
Note : Need legal Answer not any practice of the organization.
Response awaited from all experts.
Best regards
Arun kumar
From India, Delhi
After gone through the Discussion one point was missing which need clarification:
As per provisions of bonus act 1965, the eligibility conditions is that one must have worked not less than 30 days of the year for elible for bonus.
My point of discussion is :
1. If person has joined on 5.3.2012 (FY 2012-13) , will he get bonus of FY 2011-12, if employee is still working in FY 12-13 or still working .
2. If the person left on 25.04.2013, will he get the bonus of FY 2013-14 in Full and Final Settlement and date of joining is 01.01.2010
My concern is : In both the conditions person has not completed minimum of 30 days in particular financial year but length of service is long say 3+ years.
Note : Need legal Answer not any practice of the organization.
Response awaited from all experts.
Best regards
Arun kumar
From India, Delhi
Dear Arun,
In the First Case, the employee is not eligible for bonus for the FY 2011-12, as
"Any employee who has worked for at least 30 days in the applicable financial year, is
entitled to receive Bonus"
In the second Case, the employee is not eligible for bonus for the FY 2013-14, with the same logic/law.
Whereas, his DOJ is 01.01.2010, so he is eligible for bonus in FY 2009-10,FY 2010-11& FY 2011-12.
Unless he has worked for at least 30 days in the applicable financial year.
Trust this suffice!
Thanks & Regards,
Murali
From India, Delhi
In the First Case, the employee is not eligible for bonus for the FY 2011-12, as
"Any employee who has worked for at least 30 days in the applicable financial year, is
entitled to receive Bonus"
In the second Case, the employee is not eligible for bonus for the FY 2013-14, with the same logic/law.
Whereas, his DOJ is 01.01.2010, so he is eligible for bonus in FY 2009-10,FY 2010-11& FY 2011-12.
Unless he has worked for at least 30 days in the applicable financial year.
Trust this suffice!
Thanks & Regards,
Murali
From India, Delhi
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