Am I entitled to a statutory bonus from my employer in Margao?
VE Asked by Veena Shastri from India
Quick Answer
The Payment of Bonus Act, 1965 mandates a minimum bonus of 8.33% of wages for employees earning up to ₹21,000 per month in Margao.
Detailed Legal Analysis
The Payment of Bonus Act, 1965 mandates a minimum bonus of 8.33% of wages for employees earning up to ₹21,000 per month in Margao. The maximum bonus is 20% based on allocable surplus.
Claims are adjudicated by the labour court with appeals to the Bombay High Court under Section 22. Employees with at least 30 working days in an accounting year are eligible.
The employer in Goa must also comply with Goa Rent Control Act 1993 governing the Goa Shops and Establishments Act. Set-on and set-off of allocable surplus is permitted across years.
The bonus is payable within eight months of the accounting year close.
Legal Provisions Referenced
Verify the current statutory text at India Code (the official repository of Indian legislation) or the Legislative Department. This answer is general legal information, not advice on your specific matter.
Disclaimer: AI-generated for educational purposes only. Does not constitute legal advice. Consult a qualified practitioner.