Hello Friends, I need CTC breakup for 10 LPA salary where 50K would be joining bonus. There is no gratuity policy yet in our company.
From India, Gurgaon
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From India, Gurgaon
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Dear J Singh Ji,
Greetings of the day!
Regarding your query for a CTC of 10 LPA with a 50 K joining bonus, please be informed that the bonus amount cannot exceed the prescribed limit as per the Bonus Act. Additionally, bonuses are applicable to employees whose salary is less than or equal to Rs. 21,000.
Below is an example breakdown for your reference:
Basic: 48,200.00
HRA: 19,280.00
Fuel: 12,050.00
Gross: 79,530.00
Leave: 3,824.00
Total: 83,354.00
CTC: 1,000,248.00
This breakdown serves as an illustration for your understanding.
Thank you.
From India, Surat
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42Greetings of the day!
Regarding your query for a CTC of 10 LPA with a 50 K joining bonus, please be informed that the bonus amount cannot exceed the prescribed limit as per the Bonus Act. Additionally, bonuses are applicable to employees whose salary is less than or equal to Rs. 21,000.
Below is an example breakdown for your reference:
Basic: 48,200.00
HRA: 19,280.00
Fuel: 12,050.00
Gross: 79,530.00
Leave: 3,824.00
Total: 83,354.00
CTC: 1,000,248.00
This breakdown serves as an illustration for your understanding.
Thank you.
From India, Surat
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Joining Bonus is nothing but a welcome bonus for any new employee who is joining the organization. Some organizations pay such a bonus. It has no relation to bonus payments under the Payment of Bonus Act.
Any organization can pay a bonus as per the Payment of Bonus Act beyond the statutory limit. In those cases, the extra amount is usually booked as ex gratia.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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Any organization can pay a bonus as per the Payment of Bonus Act beyond the statutory limit. In those cases, the extra amount is usually booked as ex gratia.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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