IMPORTANT BONUS CLARIFICATIONS 2018
Important Bonus Clarifications 2018 1. Whether the employees in the following categories are eligible for the benefit of ad-hoc bonus for an accounting year Subject to completion of minimum six months continuous service and being in service as on 31st March, 2018. (a) Employees appointed on purely temporary ad-hoc basis. Yes, if there is no break in service. (b)Employees who resigned, retired from service or expired before 31st March, 2018. As a special case only those persons who superannuated or retired on invalidation on medical grounds or died before 31st′ March, 2018 but after completing at least six months regular service during the year will be eligible for the ad-hoc bonus on pro rata basis in terms of nearest number of months of service. (c)Employees on deputation/foreign service terms to state governments, U.T.Governments, Public Sector Undertakings, etc., on 31st March, 2018. Such employees are not eligible for the ad-hoc bonus to be paid by the lending dep...