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Realted to CTC

(Querist) 24 April 2008 This query is : Resolved 
Dear Sir,
Can we make a bonus/month as a part of CTC or we have to give Bonus annualy apart from ctc compulsarily.please send me reply.We are starting new firm so when we are liable for the payment of bonus act.how many years we dont have to pay as we have new firm/company.Please also send me present bonus slap in detail and its calculting formula
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Manish Singh (Expert) 16 May 2008
If provisions of bonus act would apply to your employees, then you need to give them bonus apart from their wages.

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