A single slip, along with his pay slip or PEP, determines his eligibility for the next month’s salary. 2023 HDFC Bank Grades: Cities: HDFC Bank Employee Salary Slip Range Or Average. It is also mentioned that within 8 months from the close of the accounting year the bonus should be paid to the employees. HDB Salary slips are the most important document in employee’s life. HDFC Life believes in technology driven sales and you will learn new. Time limit for payment of bonus: It is mentioned in the Act that all amounts payable to an employee by the way of bonus are to be paid in cash. What is the time limit for payment of bonus? The statutory bonus is paid at a minimum rate of 8.33% on salary to a maximum of 20%. The statutory bonus is paid according to the 1965 Act of Payment of bonus. What is advance statutory bonus in salary?Īdvance statutory bonus is a type of bonus paid to the employee in advance. Check our exclusive range of Salary Accounts. What disqualifies you to receive a bonus?Įmployees can be disqualified from bonus payments if they are dismissed on the basis of fraud, misconduct, or even absenteeism. HDFC Bank offers Salary Accounts with modern & customized banking services to keep your employees happy. Bonus is essentially deferred earnings, and some companies choose to pay it out in advance. We promote work life balance through a range of employee friendly policies. The bonus rate is between 8.33% and 20% based on the ‘available surplus’ as mentioned in the act. We listen to our employees and try to understand what they expect from us. Statutory Bonus in India is paid as per Payment of Bonus act (1965). 21,000 by the Amendments), and who have worked in the establishment for not less than 30 working days in the year are eligible to receive this statutory bonus. All employees earning up to the wage threshold (increased to Rs.

Hdfc life employee salary slip