Reg yearly bonus

This query is : Resolved

kareem (Querist)
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25 October 2012 Hi,
Am working in broking company (ltd). Company issue a yearly bonus in the month of october (deepavali).They stating above 15k is not eligible for bonus. When i ask they saying is a HR Policy of that company. I heard of indian law of mandatory of giving bonus to employee. So pls me out to get bonus.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 October 2012 Those are getting salary below Rs.15000 per month, then bonus is mandatory. if salary is more than Rs.15000 then bonus is option of the employer. Employer may pay voluntary or left like that

kareem

kareem (Querist)
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25 October 2012 Dear sir,

Whether 15k should be a CTC or NET take home.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 October 2012 Its is Gross salary.

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