Bonus
This query is : Resolved
INDRAJIT DAS
(Querist)
13 October 2015
I have joined in a company 4/08/2015 and completed probation period at 03/08/2015 so may i eligible for bonus for 14-15
RAMESH KUMAR VERMA
(Expert)
14 October 2015
Under Section 10 of Payments of Bonus Act, “every employer (as defined in the Act) shall be bound to pay to every employee in respect of every accounting year, a minimum bonus which shall be 8.33% of the salary or wage earned by the employee during the accounting year”. All factories and establishments employing 20 or more persons are expected to pay the bonus compulsorily, provided the worker has worked in the establishment for at least 30 days.
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