Retention Bonus Sample Letter
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Is it possible to file an IT return and Service tax return without the help of a consultancy?
Subject: Offer LetterDear Mr. xxxxxxxxxxx,Further to our discussions, we have the pleasure of offering you a position in our organization as xxxxxxxxxxxxxxx. This offer is effective from your date of joining xxxxxxxx, which shall not be later than xxxxxx.We kind...
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.
Hi,Sample Letter**Location**: Delhi, IndiaSample letter, City-India-Delhi, Country-IndiaThank you.
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,...
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