Dear All,
Recently, we paid a joining bonus of 10k to a new employee. We provided 5k in cash on his first day of joining, and the remaining 5k was credited to his account along with his salary of 20k. In total, we paid him 30k in the first month: 20k as his salary and 10k as a joining bonus (partly paid in cash and the rest in his account).
Should I include the cash payment amount in the payslip? Doing so would result in a total amount that differs from his bank statement.
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3Recently, we paid a joining bonus of 10k to a new employee. We provided 5k in cash on his first day of joining, and the remaining 5k was credited to his account along with his salary of 20k. In total, we paid him 30k in the first month: 20k as his salary and 10k as a joining bonus (partly paid in cash and the rest in his account).
Should I include the cash payment amount in the payslip? Doing so would result in a total amount that differs from his bank statement.
Acknowledge(0)Amend(0)
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
Sample of Pay Slip.zip