How to Break Down a 10 LPA Salary with a 50K Joining Bonus and No Gratuity Policy?

jsingh
I need a CTC breakup for a 10 LPA salary where 50K would be a joining bonus. There is no gratuity policy yet in our company.
arihant_ac
Dear J Singh Ji, Regarding your query for a CTC of 10 LPA with a 50K joining bonus, please be informed that the bonus amount cannot exceed the prescribed limit as per the Bonus Act. Additionally, bonuses are applicable to employees whose salary is less than or equal to Rs. 21,000.

Below is an example breakdown for your reference:

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 breakdown serves as an illustration for your understanding.

Thank you.
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