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Bonus

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(Querist)
15 July 2016 is it mandatory to pay bonus for the yr in which an employee has resign???
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Rachit Nagpal

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Rachit Nagpal (Expert)
16 July 2016 Yes if he worked in that year then it is mandatory to pay irrespective of the fact he resigns during the F.Y.
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CA AJAY KUMAR AGRAWAL

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CA AJAY KUMAR AGRAWAL (Expert)
16 July 2016 He is eligible for Bonus for proportionate period of working during the year in which he resigned provided the Company declares / pays Bonus for that year.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
16 July 2016 yes, Bonus to be paid till the working of employee
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