Bonus period
SARAVANAN.R
(Querist) 30 June 2011
This query is : Resolved
Sir,
I have been receiving Bonus right from confirmation of service ( 01.12.2006) with the current employer.Though I am getting the Bonus in November of every year, I have my own doubts as to whether for Bonus, January to December of an year or 1st April to 31st March is the relevant year for calculation of Bonus period. I have received Bonus from my employer up to 2010.
I need clarification on it, as if a person resigns in July 2011, will he get Bonus for four months from April 2011 to July 2011 ( 2011-2012), as the Company has made sufficient provision for it in the Accounts.
Saravanan
V.Harikrishnan
(Expert) 30 June 2011
Dear Mr.Saravanan
Pleae specify the exact accounting year followed in the Company. Then only your query could be answered
With regards
V.HARIKRISHNAN
Ajay Bansal
(Expert) 01 July 2011
I think answer is 'Yes'.
