7th July 2018 From India, Madras
If your question is whether to include bonus component as part of CTC , then the answer is yes.
But if you want to pay bonus on monthly basis, then it poses challenges. Bonus under the Bonus Act is to be computed in accordance with the formula given , quantum and eligibility to bonus and to be paid within 8 months from the close of the financial year.
The minimum quantum of bonus is 8.33% and the maximum is 20% of annual wages earned subject to ceiling.
If any bonus paid on monthly basis before the financial year is yet not closed has to be on the basis of assumption and would perhaps has to be treated as an advance against the final bonus. This may pose otherwise avoidable practical difficulties.
The question is why this choice of paying bonus on monthly basis bypassing legal provisions is necessary to be made on some assumption.
In my view, it would be prudent to follow legal provisions under the Bonus Act rather than invent difficulties for oneself.
9th July 2018 From India, Mumbai