618+ Lawyers are online 
Clarification on deduction of money as retention bonus
20-Aug-2023 (In Labour & Service Law)
I was employeed in a company and the name of the Company is Integrated Resources Staffing Pvt Ltd i had worked there for 1 year and 7 months, the company had asked me to leave with no notice period and also they had been deducting 4100/ every month in the name of Retention Bonus and they had said that after 3 years the candidate will get the money, but in my case i was asked to leave and they had forced me to send a email for resignation. I just wanted to ask if it legel that the company can deduct money from your salary in the name of Retention Bonus.
Dear Concern, please take note -
1. Employment of professional are governed by contract which they sign with the company which is generally known as 'employment contract'.
2. If your contract talks about retention bonus then they are well within their rights to release your bonus after the completion of 3 years.
3. However, retention bonus is something which one gets over to his salary. Its not that one's salary gets deducted to make retention bonus unless the contract says otherwise.
4. You can send them a legal notice asking for your dues. If they oblige it then good enough else you can drag them before the court for the same.
1. Employment of professional are governed by contract which they sign with the company which is generally known as 'employment contract'.
2. If your contract talks about retention bonus then they are well within their rights to release your bonus after the completion of 3 years.
3. However, retention bonus is something which one gets over to his salary. Its not that one's salary gets deducted to make retention bonus unless the contract says otherwise.
4. You can send them a legal notice asking for your dues. If they oblige it then good enough else you can drag them before the court for the same.
Helpful?
30+
30+
Adv. Pulkit Prakash
Delhi | 400+ Answers
CONTACT NOW
Every company has its own policy on retention bonus plus you will also have to check your appointment letter if it says anything related to that..Although it's illegal to keep the retention bonus by the company but without checking the policy of the company it would not be possible to comment whether you will be entitled for the same or not. Also as you have submitted your resignation letter the situation might be different. But again I suggest you to check the policy of your previous company on retention bonus...and if you are entitled then you can approach labor officer in your area under payment of wages act.
Helpful?
31+
31+
Adv. Yoothica Pallavi
Noida | 25+ Answers
CONTACT NOW
For this we have to see your appointment letter as well other documents which u have signed at the moment so we can guide u properly. Although they canot deduct money from ur
Sailary for this u can first sent a legal notice to the ur employer
Sailary for this u can first sent a legal notice to the ur employer
Helpful?
28+
28+
Adv. Ashutosh
Delhi | 25+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Labour & Service lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
