Upgrad
LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

SS (VP)     14 March 2010

Gratuity & Bonus

I have two questions

1.  If an employee has worke for the entire financial year and has been through out the subsequent FY in the same organisation Bonus @ 8.33% of annual gross is payable.  Is this applicable to all categoriy of employees?  In case if the management cites recession as a reason and do not follow what next?

2.  Gratuity is payable if any employee completes 5 years of continuous service.  If one resigns before completion of 5Y and serves the notice period and complete 5 years, is Gratuity applicable?

Please clarify



Learning

 1 Replies

SS (VP)     16 March 2010

Sorry to have posted in the wrong section. I withdraw the question from this section.


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register