Diwali bonus after resignation

Dear Mr. Dinesh,

Please check up whether your CTC inclussive of Bonus or not.  If it is inclussive then you can claim Bonus.

Mr. Murthy has given valuable advice.Kindly follow it.

----THE PAYMENT OF BONUS (AMENDMENT)  BILL, 2007:

2. In section 2 of the Payment of Bonus Act, 1965 (hereinafter referred to as the                     Amendment   of
                 principal Act), in clause (13), for the words “three thousand and five hundred rupees”,  
                 words “ten thousand rupees” shall be substituted.

----Payment of Bonus Act, 1965:

Sec 2, Definitions

{21} Salary or Wage

 Bonus depends upon Basic salary, DA & the food allowance or value of free food.
It is felt that thus you are eligible.

----Minimum Bonus 8.33% min level upto Rs. 3500/- & Maximum Bonus @20%.

max level upto Rs. 8400/-

----Section 12: .

 Calculation of bonus with respect to certain employees.

       2*[12.  Calculation  of bonus with respect to certain employees.-

 Where  the  salary  or wage of an employee exceeds 3*[two thousand and

 five hundred rupees] per mensem, the bonus payable  to  such  employee

 under  section  10  or, as the case may be, under section 11, shall be

 calculated as if his salary or wage  were  3*[two  thousand  and  five

 hundred rupees] per mensem.]

---Bonus shall not be paid in cash.