Dear All,
I have one query regarding the bonus.
As per my knowledge bonus is an extra amount which is to be given to the employee on yearly bases, proportionate to the profit made by the company in that year. This means this is a type of reward which is given by the company to the employees.
Then how can we include it as a part of CTC. I have seen many organizations who consider the bonus as part of CTC and pay it as yearly component. Is this a statuitory requirement or what?
Pl. guide me on the same.
waiting for your reply.
Thanks
Shweta G
I have one query regarding the bonus.
As per my knowledge bonus is an extra amount which is to be given to the employee on yearly bases, proportionate to the profit made by the company in that year. This means this is a type of reward which is given by the company to the employees.
Then how can we include it as a part of CTC. I have seen many organizations who consider the bonus as part of CTC and pay it as yearly component. Is this a statuitory requirement or what?
Pl. guide me on the same.
waiting for your reply.
Thanks
Shweta G