Dear All,

My company deducts Rs. 300 every month from my salary as a bonus, and then all the collected amounts are given to me every year as a bonus. Could you please provide me with information regarding whether the bonus is payable by the company or deducted from my salary?

Regards,
Riya's

From India, Nasik
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Dear Riya's,

Bonus is an allowance, it's not a deduction. Payment of Bonus is mandatory as per the Payment of Bonus Act 1965. The minimum Bonus is 8.33% of the salary, and the maximum Bonus is 20% of the salary. Here, salary means Basic + DA + Retaining Allowances, etc. Therefore, your employer shall not deduct Rs 300/- from your monthly salary. Just check with the HR Team in your company. Check whether that deduction pertains to which category.

Regards

From India, Rajamahendri
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Regarding bonus the company has to give the bonus based on the profits incurred to the company.Not from the salary deductions from the employees.U just ask your hr regarding this issue.
From India, Vijayawada
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I think you are under the CTC concept. So, you mean that your monthly salary is based on that. It's not like that. They show the CTC amount on pay slips and then deduct the bonus, gratuity, PF, and other components. After deducting all these, the company shows the gross salary.

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From India, Selam
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