I had left Pvt. ltd company in Howrah, West Bengal 1 month back and in that my CTC was changed. As per HR & My reporting manager given me option for bonus. Previously it was 2 month variable bonus in my CTC and they have told us that variable will be judge only by performance hence they have changed 2 Month variable Bonus to 1 Month fixed Bonus in my CTC. They told that 1 month Fixed bonus will be given 100%. I have taken it on October and I left job competing January Month. Now at the time of FNF they denied to give part of Bonus on pro rata basis . They are telling that this is managements desecration.
My question is why should I not get part of Bonus till the time I had worked on pro rata basis. This is a fixed bonus and not a variable or incentive.
The same bonus they are giving on pro rata basis to other employee whom company is removing from Job and I have left from my own wish. Can this is true.
I want to challenge legally to them if I am write. Please share your view on the same.
Mail received from HR:-------
Subject: Revision in Compensation Structure
Dear xxx,
As part of our employee centric approach at xyz pvt ltd, and as per the discussion with you, we have
decided to change your annual bonus structure to a one-time full payment during the festive season
of Diwali every year.
A detailed CTC structure is present in the second part of this letter.
We do hope that you make the most out of this opportunity provided.
Wishing you all the best.
REVISED ANNUAL CTC STRUCTURE
Assured Gross Salary Per Month Annual Mode of Payment
Total Annual CTC 430,560
Annual Bonus 33,120
Total Fixed CTC 397,440
Basic 198,720 Payslip
House Rent Allowance 99,360 Payslip
Bonus (As per Bonus Act) 16,560 Payslip
Mobile Reimbursement 3,974 Reimbursement
Food Coupon Allowance 18,000 Reimbursement
Vehicle Maint Reimbursement 39,226 Reimbursement
Employer Contribution to PF 21,600 PF
Deductions:
Professional tax 1,800 PT
Employee Contribution to PF 21,600 PF
Total Deduction before IT 23,400
Net in Hand Salary Before Income Tax 374,040
My question is why should I not get part of Bonus till the time I had worked on pro rata basis. This is a fixed bonus and not a variable or incentive.
The same bonus they are giving on pro rata basis to other employee whom company is removing from Job and I have left from my own wish. Can this is true.
I want to challenge legally to them if I am write. Please share your view on the same.
Mail received from HR:-------
Subject: Revision in Compensation Structure
Dear xxx,
As part of our employee centric approach at xyz pvt ltd, and as per the discussion with you, we have
decided to change your annual bonus structure to a one-time full payment during the festive season
of Diwali every year.
A detailed CTC structure is present in the second part of this letter.
We do hope that you make the most out of this opportunity provided.
Wishing you all the best.
REVISED ANNUAL CTC STRUCTURE
Assured Gross Salary Per Month Annual Mode of Payment
Total Annual CTC 430,560
Annual Bonus 33,120
Total Fixed CTC 397,440
Basic 198,720 Payslip
House Rent Allowance 99,360 Payslip
Bonus (As per Bonus Act) 16,560 Payslip
Mobile Reimbursement 3,974 Reimbursement
Food Coupon Allowance 18,000 Reimbursement
Vehicle Maint Reimbursement 39,226 Reimbursement
Employer Contribution to PF 21,600 PF
Deductions:
Professional tax 1,800 PT
Employee Contribution to PF 21,600 PF
Total Deduction before IT 23,400
Net in Hand Salary Before Income Tax 374,040