This is in reference to the Bonus Act 1956.
Eligibility for bonus.—Every employee shall be entitled to be paid by his employer in an accounting year, bonus, in accordance with the provisions of this Act, provided he has worked in the establishment for not less than thirty working days in that year.
I
have following query regarding the bonus payment:
A person X serves the company “A” from 01/04/2007 to 31/03/2008 and he left the company on 01/05/2008. The company “A” gives the ex-gratia bonus to its employees for the accounting year 2007-08 (01/04/2007 to 31/03/2008) in the October - 2008.
The question is: Will the person “X” eligible for the bonus for the accounting year 2007-08 as he served from 01/04/2007 to 31/03/2008 and left company on 01/05/2008? The bonus is paid in the October-2008.
If he is eligilible please give me the reference. As per our company policy the employee must be in service (employed) with the company at the time bonus is paid to be eligilble to receive the payment.
Thank you in advance.
Regards,
Dilip
