Bonus payout

Hi,

Employee resigned before the bonus payout date,
Is the employee eligible to be paid? Should we pay him/her?

1 Like

Yes, Bonus is payable to employee if he has worked for not less than 30 days in an accounting year.

2 Likes

Hi,

If an employee resigned before bonus payout you will need to verify whether he has completed 30 days in the FY. If yes , then you need to pay bonus and if in case not completed 30 days he will not be eligible for bouns.

2 Likes
Powered by | India's No.1 Payroll and HR Software.
9000+ Clients
150 Cities
10 Lakh+ Users