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Search Result For "Retention Bonus In Excel" - Page 1
Dear Siva,Thank you for your reply. If an employee repaid the bonus to the employer at the time of leaving the company, can they get a rebate for that amount?
The word Retention Bonus is a payout. It will be considered as income in the hands of the employee and hence taxable. If you pay it as an advance and recoverable, a certain percentage of interest will be considered as income in the hands of the employee. Please ...
Whether a Retention Bonus is taxable under the Income Tax Act? Similarly, when an employee repays the retention bonus to the employer upon leaving the company, can they claim any exemption under the Income Tax Act? If yes, please tell me.
Yes, notifying the employee through a bonus is an illegal activity. It is also a violation of the Payment of Wages Act, as explained by Mr. V. Shakya in the above post.Thanks,Devesh ChauhanPracticing in Accounts, Finance & Taxation, and Labour Laws
Dear Apekhya,This is a typical 'grey area' scenario we face very often in HR.In your first posting, you had said that the person got a 100% 'Retention Incentive'. Hence, I presume you are talking about the 4 months of the second year. From what you have said, th...
Dear Apekhya,Things like 'Retention Incentive' and 'Performance Bonus' are not mandatory, driven by any statute of the center or state governments. Hence, unlike PF, Payment of Wages, for example, there cannot be any common rules and regulations about them.Thus,...
To create a Productivity Linked Bonus sheet in Excel, follow these steps:1\. **Open Excel**: Launch Microsoft Excel on your computer.2\. **Create Headers**: In the first row, enter headers for the necessary columns such as Employee Name, Employee ID, Department,...
Could someone please provide a Productivity Linked Bonus sheet in an Excel format?
Dear Badri Prasad Sharma,We, the members of this forum, are outsiders. We do not know about the recruitment that has taken place in your company. We are unaware of who will join your organization, when they will join, what their designation will be, and what dis...
Dear Friends,Could anyone please share a draft agreement for a joining bonus or retention bonus?Regards,Badri