Similarly Bonus under Payment of Bonus Act( Profit sharing) can be paid only when the establishment earns profit for the accounting year, paid annual. However if any other Bonus in lieu of profit sharing bonus, is paid then the same can be paid along with monthly salary. Gratuity cannot become a part of Cost to the Company. It can form a part of CTC only after 5 years of continuous service.
3rd May 2018 From India, Madras