Paytm has given Diwali Bonus in the form of ESOP- 22.10.2019. Posted on October 22, 2019 October 22, 2019 Author Market Wizard. As per ROC filing by Paytm, the Paytm has introduced new ESOP 2019 scheme for its employees for a period of 5 years. Under this scheme, the company will issue 2,42,904 shares worth Rs 357.66 crore. With this addition, the total count for ESOP in Paytm will increase to.
According to the Payment of Bonus Act 1965, it is required for every factory and other establishments in which 20 or more persons are employed on any day during an accounting year, to pay a festival bonus during Diwali festival in India.
Fiat Punto was launched in India on August 5, 2014. The Punto Evo had significant design changes which appealed to a modern, stylish, younger audience.
The bonus can be paid at any time, and businesses usually pay the bonus during Diwali. You can also divide the bonus into 12 equal parts and add that to the employee’s salary every month.
Traditional sweets no more feature among the list of desirable Diwali gifts for office employees and rather they prefer cash, coupons, prepaid cards or gadgets, says an Assocham study.
There are myriad of companies where you don't get festival bonuses and per them it is the company policy. Moreover with a company work force of 335,620, even a small bonus will cost them a revenue earned for a quarter. Here's one interesting fact.
A lot of companies (especially MNCs) currently follow a practice of calculating the maximum statutory bonus (i.e. 20% of INR 3,500) and paying this to employees on a monthly basis through the year. However, since there is now a reference to the minimum wages under the MW Act and since the minimum wages are updated on a periodic basis (i.e. once or twice a year), there would be an increased.
Trends in Bonus Scheme Design. Many companies are extending their bonus schemes to cover a wider range of factors, reflecting a broader set of business objectives. This can help avoid the potentially distorting effect of focusing too much on a single measure. In addition to financial and output considerations, bonus schemes increasingly take.
And Diwali bonus once invested in long-term investments like company bonds, debentures, gold etc. could be a bumper bonus in terms of gains. Make tax saving investments: Tax planning always remains an issue especially when you fall under tax slabs and are charged with hefty tax on your income.
There is a tradition of giving bonus to employees in the country on the occasion of Diwali. Companies often give gifts and bonuses to their employees on demand. However, an incident has come to light from Aurangabad in Maharashtra, where a labourer thrashed his boss and broke his tooth for not granting him Diwali bonus.
Booming Indian economy makes Diwali a festival of bonanza for consumers. Booming Indian economy makes Diwali a festival of bonanza for consumers. This is Upbeat India, readying to party like never before. Virtually every sector and every company is on a launch overdrive with new products and great deals. A booming economy, consumers on a spending binge and the feel-good factor make this Diwali.
Companies offer dry fruits as Diwali gift to employees as they resemble entities sucked of all their happiness: Report Mumbai. A report published in a leading magazine has revealed the actual reason behind dry fruits being the most common item, which private companies gift to their employees on festive occasions like Diwali and Holi.
The second day is known as Naraka Chaturdasi in South India or Choti Diwali (Little Diwali) in north India. Rangoli (Hindu folk art) is created in doorways and courtyards of homes, and people start bursting crackers. Lord Krishna and Goddess Kali are believed to have destroyed the demon Narakasura and freed 16,000 captive princesses on this day.
Don't be in a rush to buy that big flat-screen LCD television set with your Diwali bonus. Instead, use it in ways that will make you wealthier in the long run, says Shefali Anand, India personal.
The ASSOCHAM Social Development Foundation conducted an online survey to gauge the preferences of office employees in receiving their festival bonus.Kolkata, Oct 24 (PTI) Traditional sweets no more feature among the list of desirable Diwali gifts for office employees and rather they prefer cash, coupons, prepaid cards or gadgets, says an Assocham study. While 45 per cent of office workers want cash or gift coupons or vouchers, 35 per cent prefer gadgets, electronic items, home appliances, utensils and other such things for personal use or.Amar Choudhary Diwali is an important festival in India — not only for its religious importance to a majority of Indians, but also because of the financial kicker it brings to an even larger nu.