Will it be ok if PL ,Bonus,Gratuity not be a part of salary structure?

Will it be okay if PL, Bonus, and Gratuity are not part of the salary structure officially in the payslip and appointment letter?

During salary fitment, we should not consider the same because these are social security benefits. So, we can put the same in the following ways:

1) You will be entitled to a bonus as per the Bonus Act.
2) You will be entitled to gratuity as per the Gratuity Act.

Dear Gaurav,

PL, bonus, and gratuity need a definite mention in the appointment letter; however, they will not be a part of the payslip unless they are paid to the employee for the specific months.

Regards,
Rahul

Dear Gauravbdwj,

PL, bonus, and gratuity need not be a part of your salary structure. They can be mentioned in the payslips only when they are paid out to your employees. Click on the "+" sign for more helpful answers like these.

Regards,

Sairam Bandi
[Login to view]

Dear Gauravbdwj,

If your package is Cost to Company (CTC), then Bonus, PF, and Gratuity are part of your salary structure. However, PL is not part of the salary structure; it is mandatory under the Factories Act that for 20 days of work, 1 day of leave should be granted to employees.

Therefore, PL is a different component, but Bonus, PF, and Gratuity are part of the salary if the company is offering you the package under CTC structure.

Regards,

Deepak Kundu
DM-HRM