Hi, I am working with XXX Technologies Pvt Ltd as an HR Executive, We shortlisted one candidate as an Purchase Engineer but his salary expectation were very high so we mutually agreed that we shall pay your expected salary but then we wont give you a bonus. So i want to add the same clause in his appointment letter. Kindly help me to add the same.
Thankyou.
From India, Mumbai
Thankyou.
From India, Mumbai
See my friend, as you have not mentioned the salary at which the appointment is made. As he is a engineer I assume he is out of Payment of Bonus Act. In that case, you can mention that as the employee is not entitled to receive statutory bonus, the parties to the parties agreed that there will be no bonus paid.
But if he is covered under Payment of Bonus Act, no contract can take away his right. As the contract in violation of law is void.
From India, Kolkata
180But if he is covered under Payment of Bonus Act, no contract can take away his right. As the contract in violation of law is void.
From India, Kolkata
If bonus becomes payable under the Payment of Bonus Act, then you have to pay it irrespective of your terms and conditions of appointment.
From India, Kolkata
From India, Kolkata
there can be one shortcut. under the act interiem bonus is permissible. If you provide an amount of interim bonus head in the bifurcation of salary then legal compliance may be possible. At the end of financial year the amount paid as interim bonus would be shown as bonus in bonus payment register.
From India, Kanpur
From India, Kanpur
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Appointment letter-format.d oc