#Statutory Bonus

In India, the eligibility criteria for statutory bonus depend on the Payment of Bonus Act, 1965. According to this act, every employee who has worked for at least 30 working days in an accounting year and whose salary or wage is up to a certain limit is entitled to receive a bonus from their employer. The salary limit for eligibility for bonus payment is currently set at Rs. 21,000 per month or less. It is important to note that the payment of bonus is not mandatory for all employers. The Payment of Bonus Act applies to establishments employing 20 or more persons. However, if an establishment has employed less than 20 employees, it can still choose to pay bonus to its employees if it wishes to do so. Additionally, the bonus amount is calculated as a percentage of the employee’s salary or wage. The current statutory minimum bonus rate is 8.33% of the employee’s basic salary or wage, subject to a maximum bonus of 20% of the employee’s basic salary or wage.

8th pay commission । । #gk #army #upsc #viralreels #trending #motivation #ssccgl #ssc

The Payment of Gratuity is a statutory benefit paid to the employees who have rendered continuous service for at least five years. It is a lump sum amount paid to an employee based on the duration of his total service. The benefit gratuity is payable to an employee on cessation of employment (either by resignation, death, retirement or termination, etc) by taking the last drawn salary as the basis for the calculation. It is governed by the Payment of Gratuity Act, 1972. Gratuity = n*b*15 / 26 n = Tenure of service completed in the company, b = Last drawn basic salary + dearness allowance The maximum amount of gratuity payable under the Act is Rs.20 Lacs. The employer must pay the amount of gratuity within 30 days from the date it becomes payable to the person to whom the gratuity is payable. The gratuity received up to the limit of Rs.20 Lacs is liable to be exempted from taxation under the Income Tax Act. The exemption is, however, not available for payment of gratuity when the employee is still in service. As per the judgment of the Supreme Court an employee is eligible for gratuity if he has completed 4 years of continuous service and 240 days continuous working in 5th year. On the day when he completes his 240 days in the 5th year he will be eligible for gratuity. The judgment of Supreme Court rendered under the provisions of the Industrial Dispute Act in Surendra Kumar Verma vs. Central Govt. Industrial Tribunal,[(1980) (4) S.C.C.433)], it is enough that an employee has a service of 240 days in the preceding 12 months and it is not necessary that he should have completed one whole year’s service. Also there is judgment of Hon'ble Madras HC in Salem textile case (2011) in which it was ordered that an employee would be eligible for gratuity even if he has completed 4 years 240 days. . . . . . . . . ✅ Follow @hellomonktv ✅ Follow @hellomonktv . . . . . . . . . . #hellomonktv #job #salary #personalfinancetips #moneymanagement

Salary badhi… bonus band ho sakta hai 😳 ₹21,000 se upar gaye to statutory bonus eligibility khatam Aur haan — bonus full salary par calculate nahi hota ⚠️ SAVE this before your next appraisal.#Bonus #Salary #EmployeeBenefits #HRIndia #payroll

Confused between CTC & In-Hand Salary? 🤔 Same feeling here when I got my first offer letter! 👉 CTC looks BIG 💸 👉 But In-Hand is what you actually receive 😅 PF, taxes, bonuses, deductions… sab milake difference aa jata hai! Save this post 📌 before your next job offer and don’t get confused again 🔥 . . . . ctc vs in hand salary in hand salary meaning ctc meaning in salary salary breakup india ctc calculation formula difference between ctc and in hand salary structure india in hand salary after tax ctc to in hand calculator salary deductions india pf esi tax salary monthly in hand salary salary slip explanation corporate salary structure #education #ctc #inhand #salary #explorepage

Wages need to be 50% of CTC as per the new labour codes. That’s basic salary + DA. So your salary can quietly shrink even when your CTC stays the same. 👀 From the November 21st labour code changes, at least 50% of your CTC now has to be treated as “wages” (basic salary + DA). That sounds technical, but it hits you in 3 ways: 1️⃣ Higher PF deduction – 12% gets applied on a bigger basic 2️⃣ Higher gratuity in the future – same CTC, fatter final cheque 3️⃣ Lower in-hand today – unless your company actually increases your CTC Short term = feels like a pay cut. Long term = your retirement pot and gratuity become bigger whether you like it or not. 📌 What you should do now: Check if your basic is now ~50% of CTC See if your PF deduction has gone up Ask HR how they’re implementing the new labour codes. #udayanonmoney

🚩 “We can’t increase your base salary, but we can offer a signing bonus.” 🎯Sounds familiar? 🚫Pause. Don’t rush. ❌ Never say: “Okay.” ❌ Never say: “I’ll take the bonus.” ⚠️ Reality check: ✨You cannot judge a job offer without understanding the full CTC breakup. 🚫CTC is not equal to in-hand salary. 🚩Signing bonus is a one-time amount. ✅Base salary decides your future salary hikes, appraisals, job switch offers and long-term career growth. 📌 Most candidates lose money in salary negotiation because they focus on bonus, not fixed pay. 📝 What to say instead in salary discussion or offer call: “I appreciate the signing bonus. However, base salary alignment is important for my long-term growth and role responsibility. Is there flexibility to revise the fixed component?” 💡 Pro tip from HR and recruiter perspective: ✔️Ask questions first. ✔️Understand fixed vs variable pay. ✔️Clarify in-hand salary, bonus structure, PF, gratuity, insurance, notice period, work model. ✔️Negotiate only after clarity. 📌 Save this reel before your next interview or offer discussion 📤 Share with someone actively job hunting ✨This is a trial reel 💬 Comment BONUS for recruiter-approved salary negotiation replies 👉Follow @riddhii_hrtalks for real HR insights, CTC clarity & offer-letter truths

Don’t negotiate on CTC. Negotiate on your in-hand salary. Because PF, tax, gratuity, bonus, deductions .. everything reduces your take-home. What matters is what actually comes to your bank account every month. Smart professionals don’t chase big numbers. They negotiate smart numbers #reelsinstagram #salary #ctc #Viral When negotiating salary, what do you focus on?

Salary after 8th pay commission #ctet #dsssb #reels #instareels #govtjobs #teachers #trending #tracherspayteachers #teachersofinstagram #teacherfollowteachers

Don’t miss the end #gratuity #employeerights #newlabourcodes

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My CTC is ₹X” — but my salary says otherwise 😅 What you get in hand ≠ what’s written in your offer letter. Follow @taxxcenter for more This breakdown gives you a quick estimate of CTC vs in-hand salary so you’re not confused anymore . 📌 Save | 🔁 Share with colleagues