Hi,
My query is related to Statutory Bonus and On- Target Variable Compensation.
Please note that, as per offer letter my salary break up is as follows-
Total Fixed Compensation - 2,37,500
Annual Variable Compensation - 12,500
Total Cash Compensation - 2,50,000
As my Basic is below 10k , I am getting Rs. 700 as satutory bonus (which is not mentioned in my offer letter).
At the time of bonus payout, I have received Rs. 4,100 as per the below structure.
From India, Calcutta
My query is related to Statutory Bonus and On- Target Variable Compensation.
Please note that, as per offer letter my salary break up is as follows-
Total Fixed Compensation - 2,37,500
Annual Variable Compensation - 12,500
Total Cash Compensation - 2,50,000
As my Basic is below 10k , I am getting Rs. 700 as satutory bonus (which is not mentioned in my offer letter).
At the time of bonus payout, I have received Rs. 4,100 as per the below structure.
Annualized Target VC - 12,500
Paid towards Statutory Bonus - 8,400 (700*12)
Paid towards Statutory Bonus - 8,400 (700*12)
Gross VC - 4,100.
Please let me know, if the same is correct or not.
My email address is
Thanks.
Please let me know, if the same is correct or not.
My email address is
Thanks.
From India, Calcutta
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