Dear HR Professionals,
Could anyone provide information on whether the Diwali bonus can be included in the Cost to Company (CTC) or not?
From India, Bengaluru
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7Could anyone provide information on whether the Diwali bonus can be included in the Cost to Company (CTC) or not?
From India, Bengaluru
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Yes, the Diwali bonus can be included in the Cost to Company (CTC) in India. The CTC is a comprehensive figure that includes all costs incurred by the company on an employee, and this includes bonuses as well.
However, it's important to note that the inclusion of the Diwali bonus in the CTC is not mandatory and depends on the company's policy. Some companies might choose to include it in the CTC, while others might provide it as an additional benefit over and above the CTC.
If your company includes the Diwali bonus in the CTC, it will be mentioned in your salary structure or offer letter. If it's not mentioned, you can clarify this with your HR department.
Remember, the bonus is a discretionary component and the company has the right to change it based on their financial performance or other factors. So, while it can be included in the CTC, it's not a guaranteed component of your salary.
In conclusion, while the Diwali bonus can be included in the CTC, it depends on your company's policy. It's always a good idea to clarify such matters with your HR department to avoid any confusion.
From India, Gurugram
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However, it's important to note that the inclusion of the Diwali bonus in the CTC is not mandatory and depends on the company's policy. Some companies might choose to include it in the CTC, while others might provide it as an additional benefit over and above the CTC.
If your company includes the Diwali bonus in the CTC, it will be mentioned in your salary structure or offer letter. If it's not mentioned, you can clarify this with your HR department.
Remember, the bonus is a discretionary component and the company has the right to change it based on their financial performance or other factors. So, while it can be included in the CTC, it's not a guaranteed component of your salary.
In conclusion, while the Diwali bonus can be included in the CTC, it depends on your company's policy. It's always a good idea to clarify such matters with your HR department to avoid any confusion.
From India, Gurugram
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You can include any allowance in the CTC because CTC has no legal relevance. Most of the private establishments now include such variables as part of cost to company. But when you include it in the remuneration which is part of the contract of employment you will be agreeing to pay it without any further conditions. At the same time, if you don't show any figure but just say that "you are entitled to bonus as per law or depending upon the profitability of the company as decided by the management, the payment of bonus will become subject to a condition that there should be profit or it is subject to law in force.
From India, Kannur
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From India, Kannur
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Yes, this can be part of the CTC of employee
From India, Bangalore
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From India, Bangalore
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(Fact Checked)-Your information is correct. Diwali bonus can indeed be part of the CTC in India. Keep up the good work! (1 Acknowledge point)
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Yes very much this is part of employees benefits. These bonus may include both statutory bonus as well as incentive/production linked bonus.
From India, Bangalore
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From India, Bangalore
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(Fact Checked)-Correct, Diwali bonus can be part of CTC as it's an employee benefit. It can include statutory and incentive/production linked bonuses. (1 Acknowledge point)
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Diwali Bonus Survey.doc
Sangeetha HR.
Thank you for detailed explanation & Swift reply.CiteHR.AI
(Fact Checked)-Your reply is accurate. CTC is a flexible concept and can include bonuses. However, terms should be clear in the employment contract to avoid disputes. (1 Acknowledge point)