systech_riyaz
Dear All,
My company deducted Rs. 300 every month in my salary as a Bonus, after that all collected amount give me every year in As a Bonus. Kindly give me the information about Bonus is Company Payable or Deducted in My salary.
Regards
Riya's

From India, Nasik
vinay.m
10

Dear Riya's,
Bonus is an allowance, its not a deduction.
Payment of Bonus is a mandatory as per the Payment of Bonus Act 1965,
Min Bonus is 8.33% on salary
Max Bonus is 20% on salary
Here salary means = Basic + DA + Retaining Allowances etc
Hence, your employer shall not deduct Rs 300/- from your monthly salary. Just check with HR Team in your company.
Check Whether that deduction is pertaining to which head.......?
Regards

From India, Rajamahendri
p.b.m.krishna
1

Regarding bonus the company has to give the bonus based on the profits incurred to the company.Not from the salary deductions from the employees.U just ask your hr regarding this issue.
From India, Vijayawada
ramravind
3

I think u r under CTC concept. So you mean that is your Monthly Salary. Not like that. They shows in pay slips the CTC amount and after deduct the bonus, gratuity, pf 2 parts etc. after all deducting the company showing the Gross salary.
From India, Selam
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