Hi All,
one of our employee had resigned the job & we stopped him coming to office and paid 2 months salary as notice period.
I have question if he is eligible for the statutory bonus, as there is no contribution from his service to the company during that 2 months.
Regards
From India, Bengaluru
one of our employee had resigned the job & we stopped him coming to office and paid 2 months salary as notice period.
I have question if he is eligible for the statutory bonus, as there is no contribution from his service to the company during that 2 months.
Regards
From India, Bengaluru
Whether he contribute for the company or not you need to pay salary and bonus for the period he worked in your company. in a financial year if he worked more than 30 days he is eligible for minimum bonus of 8.33%
From India, New Delhi
421From India, New Delhi
Dear Munir, The only option to avoid payment of bonus will be eligibility criteria. If person had earned gross salary more than 21000/- then you may exclude payment of bonus for the same associate.
Hi Muniraju, I suggest you to calculate the bonus based on his attendance. The 2 Months salary amount is paid only for lieu of his/her notice period. .
From India, Chennai
From India, Chennai
Your details are incomplete.
What was his date of joining?
How long did he work, nobody pays notice period to very new employee?
Bonus is not payable on notice salary.
Regards
Bharat Gera
HR Consultant
9322404765
From India, Thane
What was his date of joining?
How long did he work, nobody pays notice period to very new employee?
Bonus is not payable on notice salary.
Regards
Bharat Gera
HR Consultant
9322404765
From India, Thane
Dear fellow,
First of all his eligibility for Bonus under the Act has to be checked.Assuming that he is eligible, in my view no bonus is payable on the notice period.Statutory bonus is payable on wages earned for having worked by attending duties. The notice pay is contractual obligation and cannot be equated with days worked.
Regards
Vinayak Nagarkar
HR-CONSULTANT
From India, Mumbai
First of all his eligibility for Bonus under the Act has to be checked.Assuming that he is eligible, in my view no bonus is payable on the notice period.Statutory bonus is payable on wages earned for having worked by attending duties. The notice pay is contractual obligation and cannot be equated with days worked.
Regards
Vinayak Nagarkar
HR-CONSULTANT
From India, Mumbai
What was his date of joining?
How long did he work, nobody pays notice period to very new employee?
has he is worked for least working days (180 to 240 working days) either the cutoff management decision ., but has to paid with bonus , it may later also , when we pay all the rest employees.
From India, Visakhapatnam
How long did he work, nobody pays notice period to very new employee?
has he is worked for least working days (180 to 240 working days) either the cutoff management decision ., but has to paid with bonus , it may later also , when we pay all the rest employees.
From India, Visakhapatnam
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