MR.SEETARAMA MOGER
8

Dear..All, Please inform me regarding Extra Gratia..? some company pay as Bonus+Ex. Gratia.... SO Please infore to me..!
From India, Hyderabad
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Pon1965
Construction
C S SHUKLA
Human Resource
+3 Others

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



pon1965
604

Exgratia is the favour extended to the employees depending on the financial standings of the company. Not mandatory. Pon
From India, Lucknow
mukeshkumarsharma
Dear Moger,
One common example of an ex gratia payment is an extra payment made to an employee when she is laid off. A company may offer benefits above those mandated by law as an expression of thanks for service or to compensate for the job loss. The company is not admitting any wrongdoing by offering this expression of goodwill, and the employee could chose to turn the payment down if there was a compelling reason to do so.
Regards
Mukesh sharma

From India, Delhi
C S SHUKLA
Dear Mr. Moger,
Bonus is paid to the employees who are drawing salary upto Rs. 10,000/- p.m. whereas Ex-gratia is paid to those employees who are drawing salary more than Rs. 10,000/- p.m. The difference between bonus and ex-gratia is that bonus is mandatory and ex-gratia is optional.
The rate of bonus may be 8.33% (minimum) or above as per Company's policy.

From India, Lucknow
sumaiyakhan217
2

Hi Mr. C S Shukla, I wanted to Know wat if a company shows Ex gratia in CTC. is it compulsory to pay???
From India, Hyderabad
C S SHUKLA
Although, it is not compulsory but Companies pay ex-gratia. Amount of the ex-gratia may be vary from Company to Company, according to the policy of the Company. Further, it can not be taken into CTC because it is not certain.
From India, Lucknow
anchalmba
1

In bonus paying there is ceiling of 3500. The employees whose basic is more than 3500 also get bonus on 3500.
If the employer declare bonus on the actual basic and not on the 3500. Then this extra amount will also called EXTRA GRATIA.
And if employer declares bonus for the employees whose basic is more than 10000. then this amount is also called EXTRA GRATIA.

From India, Gurgaon
pon1965
604

For max, no ceiling. — — — — — — — — — — - Pon
From India, Lucknow
sumaiyakhan217
2

Thank u for the reply Mr. Shukla, Though bonus/ Ex gratia is can not be taken into CTC, but company shows it in CTC. still its in the company’s hand whether to pay not to pay Bounus
From India, Hyderabad
ashok.more@advancedsystek.com
Mr. Mogar
Bonus payable limit is Rs. 3500/-. If one man having 5000 as a Basic then Company have to pay bonus on 3500/-.
IN other case, company wants to pay him on actual basic then Company can pay Bonus on 3500 and Ex-gratia on 1500/-.
Rgd
Ashok

From India, Ahmadabad

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server