Incentives, recoveries and statutory bonus, done right
Ad-hoc pay additions and deductions with ring-fence limits and an approval chain, plus statutory annual bonus disbursement under the Payment of Bonus Act, 1965.
- Variable inputs
- Approval chain
- Statutory bonus
Eligible
176
Bonus payable
₹41.2 L
Rate
8.33%
Bonus Act
| Employee | Component | Amount |
|---|---|---|
| Kavya Mehta | Q3 incentive | +₹24,000 |
| Rohan Nair | Sales commission | +₹18,500 |
| Neel Mishra | Notice recovery | −₹12,000 |
Statutory bonus under the Payment of Bonus Act, 1965 with Forms A to D.
What variable pay does in NeevHR
Variable inputs
Assign incentives, commissions, recoveries and fines, single or in bulk, with min/max ring-fencing.
Approval chain
Every input is approved before it reaches payroll.
Statutory bonus
Configure a bonus plan at 8.33% to 20% and disburse to eligible employees.
Bonus registers
Forms A, B, C and D and the allocable-surplus computation.
Set as rule sets by your HR admin, assigned to employee groups.
- Components and frequency
- Ring-fence limits
- Bonus rate and eligibility
- Approval chain
Every list becomes a report; every report a chart that drills to records.
- Variable pay register
- Bonus disbursement
- Forms A to D
Variable pay does not run in a silo
Like every module, it sits on one effective-dated employee record, with India's statutory rules, configuration and governance shared across the platform.
Built for India, only India
PF, ESI, PT, TDS and LWF, gratuity, bonus, POSH and the DPDP Act 2023 are in the core, not an add-on. INR and the India financial year throughout.
Right-sized for the mid-market
Process discipline and statutory accuracy for 500 to 5,000 employees, without the cost or the multi-year rollout of a tier-one suite.
Live in 4 to 8 weeks
A focused implementation measured in weeks, not quarters. You start running real payroll and attendance fast.
Configured by your HR admin
Leave, attendance, payroll, expense and appraisal are configurable rule sets assigned to employee groups. A trained HR admin owns it, no certified consultant required.
Explore related modules
One platform, one employee record.
See variable pay on your own data
A tailored walkthrough for your team, no generic deck.