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.