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Nope
Whatever amount they have alloted for variable pay, will be paid monthly.
So, if you're getting 60,000 variable, it'll be
60,000/12 = 5000 per month
So only tax deduction will be there right?
Rising Star
Yes for level <= C4 that's true. Variables will be paid on a monthly basis.
Hi,
Suppose the bonus mentioned in offer letter is 60000 . So per month ot comes to 5000 . (Ie 60000/12) .
Till here it is understood.
But suppose the person joins in the October and suppose the appraisal cycle is from July to jUne. So will the person get the bonus as (60000*9/12) ie 45000 as he served from October to June (9months)
Please reply
Thanks
Thanks