Pon1965
Construction
C S SHUKLA
Human Resource
+4 Others

Thread Started by #MR.SEETARAMA MOGER

Dear..All, Please inform me regarding Extra Gratia..? some company pay as Bonus+Ex. Gratia.... SO Please infore to me..!
23rd September 2011 From India, Hyderabad
Exgratia is the favour extended to the employees depending on the financial standings of the company. Not mandatory. Pon
23rd September 2011 From India, Lucknow
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
23rd September 2011 From India, Delhi
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.
24th September 2011 From India, Lucknow
Hi Mr. C S Shukla, I wanted to Know wat if a company shows Ex gratia in CTC. is it compulsory to pay???
24th September 2011 From India, Hyderabad
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.
24th September 2011 From India, Lucknow
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.
24th September 2011 From India, Gurgaon
For max, no ceiling. — — — — — — — — — — - Pon
24th September 2011 From India, Lucknow
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
24th September 2011 From India, Hyderabad
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
28th September 2011 From India, Ahmadabad
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