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Search for "Annual Bonus Ex Gratia Target Performance Linked"


31a of the payment of bonus act where payment of annual bonus is linked with producti
Dear team if we get covered under section 31a of the payment of bonus act where payment of annual bonus is linked with production or productivity and not linked with allocable surplus do we required to calculate allocable surplus and maintain set on and set off registers ? regards; tarsem singh
Annual bonus
Hello annual bonus is part of our ctc component and is usually paid in the next calendar year probably by april or may but there is no fixed date when it will be paid.this year it has been delayed we haven t yet received our annual bonus of 2015. and now management has introduced a new policy which requires an employee to be on active payroll means employees should not be on notice period or absconding or terminated w.e.f from aug 1st 2016.so my question is it legally valid and applicable to the annual bonus of 2015? i.e if i resign now will i not be entitle to the annual bonus of 2015.please advise. note :factors considered for paying the annual bonus are individual performance company performance industry performance and managements decision and now active payroll is also added to it thank you for you help.
Bonus - is ex gratia mandatory or we can avoid ex gratia?
Dear seniors please hep me out. if any employee which basic salary is above 10000/ can we give him bonus. and if we give him exgratia is ex gratia mandatory or we can avoid ex gratia. thanks amit sharma
Difference between bonus & ex-gratia
I want to know the difference between bonus & exgratia. is exgratia mandatory to provide? our company is small scale industry having with 110 employees strength.
Performance linked bonus - variable pay
Hi we have a performance linked bonus included in our ctc. this is equivalent to one months gross salary. and we said it is payable at the end of the year along with their appraisal. an employee left the company in december 2010. and while doing the final settlement the company did not take bonus into the f&f. the question is 1 should the company pay this bonus since it is a part of the ctc? if yes. what is the basis. if "no" what is the basis for not paying it
About ex-gratia
Hi freinds i just signed in to this group. could anyone tell me if it is mandatory for the organisation to pay exgratia on resigning from the services. so far as i know the eligibity for exgratia in such a circumstance must be proved and must be mentioned in the appointment / confirmation letter for availing this benefit. now if the appointment letter speicified and after a few years the employee does not fall in the group to get bonus. the company pays exgratia year after year. the company also provides a pay slip confirming the payment exgratia. thus this confirm the eligibility of the candidate for getting exgratia while leaving the company? could anybody throw some light on this issue? shantanu