| tilo Started The Discussion: Hi All, I wish to know if an employee resigns during probation period, is he eligible for 'Year End Bonus' mentioned in his appointment letter CTC description. Also what other benefits can be withdrawn, during the settlement with him after he serves the notice period of probation period. Please suggest. -Tilo
dear bonus is statutory obligation and you have to pay him whether it is written in appointment letter or not . if someone has resigned and serve notice period as per appointment than why u want deduct from his benifits. you have to pay bonus ,leave encashment and his salary or any salary part of CTC that u have to pay legally . tks j s malik 9810557181
Dear friends As per the standing order act, No any notice will required for leave the services during probation period.So you can not deduct Notice pay. if you appoint any person on probation period you can not terminate him during this period except in case of theft or etc..After completion of probation period you may confirm him or terminate him or extend the probation period. Brijesh Patel
By "Year end Bonus", you mean, bonus paid at the end of the year based on profit ? Or it is Bonus payable under the Payment of Bonus Act 1965 ? If it is under the Payment of Bonus Act 1965, the employer has to follow the provisons of the Act; clauses in the appointment letter will not help to escape from the liability of payment of bonus.
Dear Anupam, The Payment of Bonus Act says that : - - Every Employee who has worked for a period of 30 Days minimum & his basic is less than 10001/- is entitle for bonus. - The minimum bonus he will get 8.33% on Bonus ceilling or which ever is less. - The maximum bonus he will get 20% on bonus ceilling or which ever is less. These are the prime context of Bonus Act. Rgds/Jitender Found This Useful? +Vote Up This Page Via Google. Why Vote? User validation is extremely important for good content to prosper. Disclaimer: This network and the legal advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified lawyer or with the lawyer providing the advice by meeting them in person. The network or the members providing advice cannot be held liable for any consequences, under any circumstances. | 1253 views 5 replies Knowledgebase Categories Popular Discussions Topic Categories >> leave encashment standing order act minimum bonus bonus act 1965 payment of bonus act 1965 Location-India-Delhi |
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