1. #1
    Unregistered

    Is bonus part of the salary or is it paid from the profit earned by the company?

    I have got this element of bonus in my salary. I have been working in this company from past 2 year and they are deducting this amount of bonus from my total CTC. I get bonus one in a year. I want to know why they deduct this amount from our salary. Is it part of the salary or is it paid from the profit earned by the company? Please guide me in this case.

  2. #2
    sdeb Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Hi Friend,
    Bonus is not part of Fixed salary. But in your Cost to Company (CTC) if you have variable component then bonus will be part of variable component.
    So that you are seeing it deducted from your CTC.
    Bonus depends upon many factors it could be company's annual turnover,unit's quarterly/annually achievement, project's achievements or can be partly employee's achievements.

    Based upon the mentioned factors weightage bonus is calculated for the team and is paid out either annually or quarterly basis.

  3. #3
    prabhu Array
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    Smile Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Hi,


    Bonus amount is given to the employees only when the company attains a profit than expected

    Bonus amount is offered once a year and its not deducted from the salary

    Salary advances is given to the employees if requested by them

    It is deducted in few installments from the salary

    So it may be salary advance only rather than the bonus amount

    Also once salary advance is taken , again it cant be taken untill the installment period is over



    Thanks !!!!

  4. #4
    imman Array
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    Post Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    ~~ HI ~~



    ~~ Check it out ~~


    ~_~ The bonus is not a part of salary ~_~


    ~_~ It is calculated as a percent from your CTC ~_~


    ~_~ Its a kind of payment given to a employee to motivate ~_~


    ~_~ It will provided once in a year ~_~


    ~_~ Only the Full-time employee will get the bonus ~_~





    ~~ Thank you ~~

  5. #5
    shivam Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Bonus is not the part of the salary, it is paid to employee depending on your performance. If you continuously perform well and company is highly benefiting from your work, then they will provide you with appropriate bonus to encourage your work. Basically it's the extra amount that the company earns from your hard work, and company is sharing a part of it with you, so you continue to perform well. Bonus is something extra apart from your salary.

  6. #6
    Ashutosh Tiwari Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Dear friend,

    When we talk about the salary components, bonus is something which is very confusing.
    See there are generally two types of bonus in a company, one is a fixed bonus and other is a variable bonus .
    Variable bonus is something which depends on the performance and revenue of the company, when company attains good revenue in any fiscal year then they distribute a part of this exceeding revenue among their employees , where as fixed bonus is something which an employee gets no matter how company performs.

    Now coming to your query, as you said it is been deducted every month and paid once in a year, so I would like to tell you it is not deduction of your bonus, it is actually keeping hold your bonus, deduction would be a wrong term here. This bonus is actually fixed bonus and you will be getting at the completion of year it is not related to the company's performance. Here your fixed bonus every month is kept on hold and then paid at the end of the year, this is actually a HR strategy to reduce the attrition in company , you can say it is more of retention bonus. As an employee dont want to loose the bonus amount he/ she will remain serving for the company for that particular year and he/she will be retained. I hope now your doubts are clear

    All the best.

  7. #7
    vijaybanna Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?



    Dear Friend

    No bonus is not a part of the fixed salary it is variable depending on the performance of the employee in the company..

    It is generally in the private sector where performance is all you need or you are kicked out..

    THe bonnus is calculates on the target a employee has acieved inthe given amount of time..

    It is also known as incentives in the companies..

    SO work hard you will get the bonus every month.

    THe government departments do not have any such bonuses they have the fixed amount of salary not depending on the performance of the employees

    ALL THE BEST

  8. #8
    Boss Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Bonus quantity is given to the workers only if the corporate attains a profit than expected
    Bonus quantity is obtainable once a year and its not subtracted from the regular payment
    regular payment advances is given to the workers if requested by them
    it's subtracted in few installments from the regular payment
    therefore it should be regular payment advance solely instead of the bonus quantity .

    conjointly once regular payment advance is taken , once more it cant be taken till the installment amount is over.
    When we point out the regular payment elements, bonus a couple of things} that is extremely confusing.
    See there square measure typically 2 sorts of bonus during a exceedingly|in a very} company, one could be a fastened bonus and alternative could be a variable bonus .
    Variable bonus a couple of things} that depends on the performance and revenue of the corporate, once company attains sensible revenue in any year then they distribute a neighborhood of this extraordinary revenue among their workers , wherever as fastened bonus a couple of things} that Associate in Nursing worker gets notwithstanding however company performs.

    currently returning to your question, as you aforesaid it's been subtracted monthly Associate in Nursingd paid once in a very year, therefore i'd wish to tell you it's not deduction of your bonus, it's really keeping hold your bonus, deduction would be a wrong term here.
    No bonus isn't a neighborhood of the fastened regular payment it's variable counting on the performance of the worker within the company..

    it's typically within the non-public sector wherever performance is all you would like otherwise you square measure kicked out..

    The bonus is calculates on the target a worker has achieved within the given quantity of your time..
    it's conjointly called incentives within the corporations..
    therefore push you'll get the bonus monthly.

    the govt. departments don't have any such bonuses they need the fastened quantity of regular payment not counting on the performance of the workers
    This bonus is really fastened bonus and you'll be gaining access to the completion of year it's not associated with the company's performance. Here your fastened bonus monthly is unbroken on hold then paid at the tip of the year, this is often really a unit of time strategy to scale back the attrition in company , you'll be able to say it's a lot of of retention bonus.

    As Associate in Nursing worker dont need to loose the bonus quantity he/ she is going to stay serving for the corporate for that exact year and he/she are preserved. I hope currently your doubts square measure clear

  9. #9
    abhijeet2015 Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Hi..................,

    Bonus is not part of paid salary in usual.
    Bonus is a extra payment to employee
    Bonus is paid from companies profit or reserves.
    Company can not use debtors money in paying bonus.
    Company many times provide bonus shares.

    Thanks

  10. #10
    you@ Array
    Join Date
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Quote Originally Posted by Unregistered View Post
    I have got this element of bonus in my salary. I have been working in this company from past 2 year and they are deducting this amount of bonus from my total CTC. I get bonus one in a year. I want to know why they deduct this amount from our salary. Is it part of the salary or is it paid from the profit earned by the company? Please guide me in this case.

    Hallo Friends...


    Definitely I will discuss about the topic that you are asked.Yes bonus is the part of the salary but it distributes among the employees based upon the profit of the companies.It provides only the full time employee and it provide only one in the year.It also known as the incentives of the company.

    Thank you.
    hope this information will helps you in future
    with regards from you@

  11. #11
    pushp Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Hello there !!!

    let me tell you that company gives nothing from the part of their profit.
    all those bonuses and extra amount that the company gives you as a bonus or reward (may be) is from your
    salary only.
    the salary what you get is not the original salary amount.
    it is the rest of the DA,TA and rest of other deduction made and then you get the actual amount,which
    you call it as a salary.

    so, if you are paid 20,000/- it means that your actual salary must be around 24,000/-

    and they deduct it to return these amount as a bonus and when you will leave the company then
    you will be getting these money back.

    hope i am clear to you..
    thanks for posting in EALP.
    pushp ranjan singh

  12. #12
    ealp Array
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    Re: Is bonus part of the salary or is it paid from the profit earned by the company?

    Dear questioner according to your statement:-

    **Bonus is not the part of salary.

    **It is not mandatory on behalf of a company to pay bonus.

    **Ofcourse bonus is given from the portion of company's profit.

    **Without profit a company never pay's bonus.

    **Bonus is the inspiration to do work attentively to enhance profit.

    **Enhanced profit can fetch enhanced Bonus.

    Thank You,

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