I have worked in a company for 2 months where a yearly bonus was a part of my CTC, which was deducted from my monthly pay, i.e., ₹643 per month. As I have resigned from the company within 2 months with a notice period, they are not agreeing to pay the deducted bonus even though it's a part of my CTC.
Query Regarding Bonus Forfeiture
Please advise if, as per the bonus law, a company can forfeit the employee bonus that is a part of CTC and should be paid at the end of the year.
Regards
From India, Delhi
Acknowledge(0)
Amend(0)
Query Regarding Bonus Forfeiture
Please advise if, as per the bonus law, a company can forfeit the employee bonus that is a part of CTC and should be paid at the end of the year.
Regards
From India, Delhi
Acknowledge(0)Amend(0)
Clarification on Bonus Deduction
Usually, if the bonus is part of your salary and is included in the CTC, then it has to be paid. Check your appointment letter and share it with the seniors for a response.
You mentioned that the bonus is deducted from the salary. Is it shown in the payslip, or are you calculating it from the Salary Annexure provided to you?
Please clarify and provide more details to receive favorable replies from seniors.
From India, Ahmadabad
Acknowledge(0)Amend(0)
747Usually, if the bonus is part of your salary and is included in the CTC, then it has to be paid. Check your appointment letter and share it with the seniors for a response.
You mentioned that the bonus is deducted from the salary. Is it shown in the payslip, or are you calculating it from the Salary Annexure provided to you?
Please clarify and provide more details to receive favorable replies from seniors.
From India, Ahmadabad
Acknowledge(0)Amend(0)
The bonus you are referring may not come under POB Act 1965 Varghese Mathew
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
Dear Sir, Normally, a bonus will not be part of your settlement. It will be paid only after the bonus is declared by the company and paid to all existing employees. Some organizations call for an application from the employees, requesting them to send the bonus due to them for the period they have worked with the organization.
Regards,
R. Sitaram
From India, Mumbai
Acknowledge(0)Amend(0)
Regards,
R. Sitaram
From India, Mumbai
Acknowledge(0)Amend(0)
According to Bonus Act the employer has to pay the minimum bonus to the resigned employees. It is mandatory. So you can claim that
From India, Madurai
Acknowledge(0)Amend(0)
From India, Madurai
Acknowledge(0)Amend(0)
Doesn’t yearly bonus mean that the employee should work for a year before he is eligible for it?
From India, Bangalore
Acknowledge(1)Amend(0)
From India, Bangalore
Acknowledge(1)Amend(0)
Eligibility for Bonus Payment Under the Bonus Act of 1965
According to the Bonus Act of 1965, Section 8 states that any employee who works for 30 days in a calendar year is eligible for a bonus payment. Therefore, you can claim this bonus as during the full and final settlement, the company should settle all dues such as the current month's salary, leave encashment, bonus, and gratuity (if the employee has completed 5 years of service).
From India, Hyderabad
Acknowledge(0)Amend(0)
According to the Bonus Act of 1965, Section 8 states that any employee who works for 30 days in a calendar year is eligible for a bonus payment. Therefore, you can claim this bonus as during the full and final settlement, the company should settle all dues such as the current month's salary, leave encashment, bonus, and gratuity (if the employee has completed 5 years of service).
From India, Hyderabad
Acknowledge(0)Amend(0)
Not necessary to work. Yearly calculation from Apr to Mar in the period of time, an employee who works will avail the bonus. The minimum bonus to be paid to employees is at least Rs.100 (for new joiners) or 8.33%.
---
I have corrected the spelling and grammar errors in the text provided. I have also ensured proper paragraph formatting with a single line break between paragraphs. The original meaning and tone of the message have been preserved.
From India, Madurai
Acknowledge(0)Amend(0)
---
I have corrected the spelling and grammar errors in the text provided. I have also ensured proper paragraph formatting with a single line break between paragraphs. The original meaning and tone of the message have been preserved.
From India, Madurai
Acknowledge(0)Amend(0)
The statutory bonus is obligatory to be paid if you have served a minimum of 30 days in a calendar year. However, it is not obligatory to pay it along with your FnF. The company declares bonus payment within a maximum of 9 months of the completion of the fiscal year. Upon the declaration, it becomes obligatory to pay you the said bonus.
From Saudi Arabia, Riyadh
Acknowledge(0)Amend(0)
From Saudi Arabia, Riyadh
Acknowledge(0)Amend(0)
please check in your appointment letter, it is not based on performance ...which is paid half yearly or Quarterly.
From India
Acknowledge(0)Amend(0)
From India
Acknowledge(0)Amend(0)
Thank you for all the replies. I have already mentioned above that the deducted bonus was a part of my CTC, and as per the terms and conditions mentioned in the appointment letter, it is paid at the end of the financial year.
Concern About Bonus Payment
My concern is, should it be paid to the employee in full and final as per the Bonus Act if it's a part of the CTC and not a performance bonus that is disbursed at the end of the year?
Thanks and Regards,
Varun
From India, Delhi
Acknowledge(0)Amend(0)
Concern About Bonus Payment
My concern is, should it be paid to the employee in full and final as per the Bonus Act if it's a part of the CTC and not a performance bonus that is disbursed at the end of the year?
Thanks and Regards,
Varun
From India, Delhi
Acknowledge(0)Amend(0)
It is not a performance bonus; it is a part of my CTC as per the annexure of the appointment letter, but the disbursed timing of the same is not mentioned in the appointment letter. Please suggest if the employer is acting against the law as it's part of my monthly salary and not based on performance, which should be paid only after the end of the year.
Thanks & Regards,
Varun
From India, Delhi
Acknowledge(0)Amend(0)
Thanks & Regards,
Varun
From India, Delhi
Acknowledge(0)Amend(0)
Understanding Variable Components in CTC
Actually, it is not called a bonus. It is referred to as a variable component of your CTC, which may or may not be paid by the company. In my company, the bonuses listed in the annexure are given according to the PMS, not based on the profit or loss of the company. It also complies with the POB Act.
From India, Bhubaneswar
Acknowledge(0)Amend(0)
Actually, it is not called a bonus. It is referred to as a variable component of your CTC, which may or may not be paid by the company. In my company, the bonuses listed in the annexure are given according to the PMS, not based on the profit or loss of the company. It also complies with the POB Act.
From India, Bhubaneswar
Acknowledge(0)Amend(0)
Dear, Tell me your joined & left date so that i can suggest you about your bonus.
From India, Gurgaon
Acknowledge(0)Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
Understanding Salary and CTC Components
First, what is your salary? Pay, net of a bonus, is not applicable for anyone paid a wage/salary of more than $10,000 per month.
Clarifying CTC and Its Implications
Second, CTC is only an indicator of the total cost to the company in the normal course. You cannot enforce CTC unless specified in the appointment letter as a component of your salary.
Bonus and Salary Deductions
Third, it was never deducted from your salary. It is a part of the CTC but not a part of gross pay as it is not a monthly wage component. Most probably, you are not eligible for a bonus.
From India, Mumbai
Acknowledge(0)Amend(0)
First, what is your salary? Pay, net of a bonus, is not applicable for anyone paid a wage/salary of more than $10,000 per month.
Clarifying CTC and Its Implications
Second, CTC is only an indicator of the total cost to the company in the normal course. You cannot enforce CTC unless specified in the appointment letter as a component of your salary.
Bonus and Salary Deductions
Third, it was never deducted from your salary. It is a part of the CTC but not a part of gross pay as it is not a monthly wage component. Most probably, you are not eligible for a bonus.
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
INCLUDE WASH CTC OF EMPLOYEE.xls
Legal Clarification on Absconding Employee, Contract Labour Engagement & Leave Entitlement Ammen.pdf