Solution with rules and sections/provisions as per bonus act and andhra pradesh labour welfare fund
sirisha aparna devi
(Querist) 31 January 2014
This query is : Resolved
Kindly suggest solution with rules and sections/provisions as per Bonus Act and Andhra Pradesh Labour Welfare fund Act for my query at earliest.
Query on statutory bonus payment. :As per the payment of statutory bonus act, employer has to pay bonus to separated employees also. But what employer is supposed to do when ex-employees are not traceable or not available to collect the bonus amount.
1.Should it deposit to Labour Welfare Department?
2.How long we can keep the amount in our books?
3.Any rules/ notifications available for these issues?
Looking forward for your response.
ajay sethi
(Expert) 01 February 2014
The Bonus amount of ex-employees is unpaid with the company. This unpaid accumulation alongwith other unpaid accumulation of wages etc., company should keep it in unpaid register / unpaid account till such period it is not transferred to LWF of State Government. Most of the States has this provision. Once the unpaid accumulation amount is transferred to LWF and any claim is received by company, the company should direct the claimant to LWF authority.
attribution http://www.citehr.com/462790-left-employee-bonus-returned-wrong-change-address.html#ixzz2s3B3BahB
Rajendra K Goyal
(Expert) 01 February 2014
Well advised, agree with the expert ajay sethi ji.
R.K Nanda
(Expert) 01 February 2014
NOTHING TO ADD MORE.
sirisha aparna devi
(Querist) 01 February 2014
Dear Ajay Sethi Sir Thank you so much and I agree with your answer But can you please tell me which section and provision is telling these rules in Bonus act and AP Labour welfare fund Act.
Thanks in advance.
