Incomplete Annual bonus
Aniket verma
(Querist) 28 July 2018
This query is : Resolved
Sir/Mam,
I was working in XL DYNAMICS PVT Ltd. A finance company based in Navi Mumbai. I joined in June 2015 and I got relieved in April 2018. I got annual bonus in both first and second year however in my exit interview I was told that you will be getting final settlement after 90 days as per company policy and I got the cheque. Annual bonus provided was only 10000 but we ha deduction of 3000 per month for annual bonus which makes it 12*3000 = 36000.
And they paid only 10000, when asked they said "as per company policy".
I am not sure what type of policy is this, they deduct 3000 per month for 10 months in 2017-18 so I should be getting near about 30000 annual bo is, instead they gave only 10000.
Please advise.
Dr J C Vashista
(Expert) 30 July 2018
Ask for a copy of policy of the company, it has be beneficial to the employee.
