Dear Seniors,
My basic salary is 15,000 pm and as per CTC break up by HR i am eligible for Bonus @8.33% on basic pay. The monthly bonus amount and yearly bonus eligible amount is clearly mentioned in CTC break up sheet which is dully signed by the HR Manager & HR Team. Now our HR is saying that as per bonus act i am not eligible for bonus. my question is at the time of salary negotiation they shown bonus amount in our CTC. i have been associated with this company for last 7 years and did not faced such issues earlier. I know above 10000 basic pay bonus is ineligible but in this should i get bonus. if i am not eligible for bonus then how i can get the amount mentioned as bonus amount in CTC.
Kindly guide.
Regards,
Lalitesh
From India, Mumbai
My basic salary is 15,000 pm and as per CTC break up by HR i am eligible for Bonus @8.33% on basic pay. The monthly bonus amount and yearly bonus eligible amount is clearly mentioned in CTC break up sheet which is dully signed by the HR Manager & HR Team. Now our HR is saying that as per bonus act i am not eligible for bonus. my question is at the time of salary negotiation they shown bonus amount in our CTC. i have been associated with this company for last 7 years and did not faced such issues earlier. I know above 10000 basic pay bonus is ineligible but in this should i get bonus. if i am not eligible for bonus then how i can get the amount mentioned as bonus amount in CTC.
Kindly guide.
Regards,
Lalitesh
From India, Mumbai
Yours is a Very tricky case Lalitesh.
Send me your CTC sheet (that you signed at the time of the salary negotiation) and your latest/last CTC sheet. Let me go through it.
Also let me know the following :
1) When & How did your company pay you the earlier bonus ?
2) Was it once a year or twice a year or monthly (since you have used the term "monthly bonus" in your note) ?
3) When was this payment / s done (which month) ?
4) How was this payment / s done (in the Bank or in cash) ?
5) What category or employee are you (staff / workman) ?
6) What's your work-location (whether it's in a factory / corporate office / sales office / etc) ?
7) This "bonus" that is being referred to; is it a performance bonus or a statutory bonus or a combination of both ?
These details will help us to understand a bit more about your case and give you a proper response.
Regards,
A.B.
From India, Mumbai
37Send me your CTC sheet (that you signed at the time of the salary negotiation) and your latest/last CTC sheet. Let me go through it.
Also let me know the following :
1) When & How did your company pay you the earlier bonus ?
2) Was it once a year or twice a year or monthly (since you have used the term "monthly bonus" in your note) ?
3) When was this payment / s done (which month) ?
4) How was this payment / s done (in the Bank or in cash) ?
5) What category or employee are you (staff / workman) ?
6) What's your work-location (whether it's in a factory / corporate office / sales office / etc) ?
7) This "bonus" that is being referred to; is it a performance bonus or a statutory bonus or a combination of both ?
These details will help us to understand a bit more about your case and give you a proper response.
Regards,
A.B.
From India, Mumbai
Dear A.B. Ji,
Thank you for your response. Kindly see my reply.
Send me your CTC sheet (that you signed at the time of the salary negotiation) and your latest/last CTC sheet. Let me go through it. @@ Lalitesh : Kindly share your email ID will send you the latest CTC.
1) When & How did your company pay you the earlier bonus ?
@@ Lalitesh : At the time of Diwali festival (One or two day before diwali date each year) thru direct bank deposit.
2) Was it once a year or twice a year or monthly (since you have used the term "monthly bonus" in your note) ?
@@ Lalitesh : It's once in a year but monthly bonus amount and yearly bonus amount is mentioned in CTC sheet.
3) When was this payment / s done (which month) ?
@@ Lalitesh: Last payment was done last year at the time of diwali festival.
4) How was this payment / s done (in the Bank or in cash) ?
@@ Lalitesh : Earlier it was paid thru cheque but for last three years we were getting direct deposit in our bank account.
5) What category or employee are you (staff / workman) ?
@@ Lalitesh : Staff (My title is Assistant Manager - Compliance)
6) What's your work-location (whether it's in a factory / corporate office / sales office / etc) ?
@@ Lalitesh : Work location is Noida. It's a print and packaging factory (100% Export unit)
7) This "bonus" that is being referred to; is it a performance bonus or a statutory bonus or a combination of both ?
@@ Lalitesh: It is purely a Statutory bonus. as in CTC it is purely mentioned Bonus.
From India, Mumbai
Thank you for your response. Kindly see my reply.
Send me your CTC sheet (that you signed at the time of the salary negotiation) and your latest/last CTC sheet. Let me go through it. @@ Lalitesh : Kindly share your email ID will send you the latest CTC.
1) When & How did your company pay you the earlier bonus ?
@@ Lalitesh : At the time of Diwali festival (One or two day before diwali date each year) thru direct bank deposit.
2) Was it once a year or twice a year or monthly (since you have used the term "monthly bonus" in your note) ?
@@ Lalitesh : It's once in a year but monthly bonus amount and yearly bonus amount is mentioned in CTC sheet.
3) When was this payment / s done (which month) ?
@@ Lalitesh: Last payment was done last year at the time of diwali festival.
4) How was this payment / s done (in the Bank or in cash) ?
@@ Lalitesh : Earlier it was paid thru cheque but for last three years we were getting direct deposit in our bank account.
5) What category or employee are you (staff / workman) ?
@@ Lalitesh : Staff (My title is Assistant Manager - Compliance)
6) What's your work-location (whether it's in a factory / corporate office / sales office / etc) ?
@@ Lalitesh : Work location is Noida. It's a print and packaging factory (100% Export unit)
7) This "bonus" that is being referred to; is it a performance bonus or a statutory bonus or a combination of both ?
@@ Lalitesh: It is purely a Statutory bonus. as in CTC it is purely mentioned Bonus.
From India, Mumbai
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