Legal Question in Employment Law in India
My Company says there is no law mandating a pro rata bonus payout; the policy that we're following has been validated with counsel as well.
I was sked to resign on Feb 18th 2016 and the bonus payout is for Oct'15 untiol Mar'16 and is denying me my bonus.
Asked on 2/22/16, 3:07 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
22.02.2016
Dear Sir / Madam,
If the Company has announced and declared Bonus for any financial period preceding the date of your resignation, the Company remains liable to pay you the pro-rata bonus for the period October, 2015 till 18th February, 2016 or say till December, 2015 (if the Company has a policy of declaring quarterly bonus) is due and payable to you by the Company.
Regards,
Answered on 2/22/16, 7:35 am
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