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jsingh
Hello Friends, I need CTC breakup for 10 LPA salary where 50K would be joining bonus. There is no gratuity policy yet in our company.
From India, Gurgaon
arihant_ac
41

Dear J Singh Ji,

Greetings of the day!

As per your query you require CTC of 10 LPA where 50 K will be Joining Bonus.

Please note that Bonus amount can't be more then prescribed limit as mentioned under the Bonus Act.

2nd thing Bonus is applicable to Employee whose Salary is less or equal to Rs. 21,000/-

Basic 48,200.00
HRA 19,280.00
Fuel 12,050.00
Gross 79,530.00
Leave 3,824.00
Total 83,354.00
CTC 1,000,248.00

This is just example for your reference.

From India, Surat
nanu1953
334

Joining Bonus is nothing but a welcome bonus for any new employee who is joining in the organization. Some organizations are paying such Bonus. It has no relations with Bonus payment under the payment of bonus act.

Any organization can pay Bonus as per payment of bonus act more than the statutory limit. In those cases the extra amount is usually booked as exgratia.

S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions,


From India, New Delhi
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