Will it be ok if PL ,Bonus,Gratuity not be a part of salary structure official in payslip ans appointment letter
From India
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2From India
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During salary fitment, we should not consider the same because these are social security benefits. So, we can put the same in the following ways:
1) You will be entitled to a bonus as per the Bonus Act.
2) You will be entitled to gratuity as per the Gratuity Act.
From India, undefined
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1) You will be entitled to a bonus as per the Bonus Act.
2) You will be entitled to gratuity as per the Gratuity Act.
From India, undefined
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Dear Gaurav, PL, Bonus and gratuity needs a definite mention in the appointment letter; however will not be a part of payslip unless for the months they are paid to the employee. Regards Rahul
From India, Delhi
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From India, Delhi
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Dear Gauravbdwj,
PL, bonus, and gratuity need not be a part of your salary structure. They can be mentioned in the payslips only when they are paid out to your employees. Click on the "+" sign for more helpful answers like these.
Regards,
Sairam Bandi
From India, Bengaluru
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PL, bonus, and gratuity need not be a part of your salary structure. They can be mentioned in the payslips only when they are paid out to your employees. Click on the "+" sign for more helpful answers like these.
Regards,
Sairam Bandi
From India, Bengaluru
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Dear Gauravbdwj,
If your package is Cost to Company (CTC), then Bonus, PF, and Gratuity are part of your salary structure. However, PL is not part of the salary structure; it is mandatory under the Factories Act that for 20 days of work, 1 day of leave should be granted to employees.
Therefore, PL is a different component, but Bonus, PF, and Gratuity are part of the salary if the company is offering you the package under CTC structure.
Regards,
Deepak Kundu
DM-HRM
From India, Gandhidham
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If your package is Cost to Company (CTC), then Bonus, PF, and Gratuity are part of your salary structure. However, PL is not part of the salary structure; it is mandatory under the Factories Act that for 20 days of work, 1 day of leave should be granted to employees.
Therefore, PL is a different component, but Bonus, PF, and Gratuity are part of the salary if the company is offering you the package under CTC structure.
Regards,
Deepak Kundu
DM-HRM
From India, Gandhidham
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Employee Benefits.doc