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.
23rd September 2011 From India, Delhi
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
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
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/-.
28th September 2011 From India, Ahmadabad