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Hello Everyone,
A employee have ctc and in his/her ctc bonus is deducted from there salary, now i want to know at the time of bonus what bonus he /she get. a deduction part or a deduction + bonus given by company
Thanks & Regards,
Kamaljeet Singh Rawat
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Bonus in general is Bonus under the Payment of Bonus Act. Bonus may be the part of CTC but should not be shown in monthly gross. In the instant case certain Bonus amount was considered as part of CTC and subsequently the Organization may be declared some other % of Bonus. Only one Bonus will be required to pay as per Payment of Bonus Act which has been finally declared by the Organization.
If the Organization pays some other Bonus - e.g. Profit sharing Bonus etc. will be separate and has no connection with the Payment of Bonus Act.
S K Bandyopadhyay ( WB, Howrah)
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