Dear Sir,

The amounts mentioned in CTC should be paid. It is contractual Obligation on employer.

If it is Statutory bonus it should be paid by 30th Nov or company and employer can be penalized.

If you have been in period of performance incentive and performed as per performance clauses it should be paid.

As per Payment of Wages Act : Sec2

 Def: 3*[(vi) "wages" means all...........................................

(c) any additional remuneration payable under

the terms of employment (whether called a bonus or

by any other name);

(d) any sum which by reason of the

termination of employment of the person employed

is payable under any law, contract or instrument

which provides for the payment of such sum,

whether with or without deductions, but does not

provide for the time within which the payment is

to be made;

You are also eligible for Gratuity and if employer has not supplied the Notice of determination of gratuity it is default and you shall e eligible for interest @ 10%/pa. You may demand copy of notice ad also submit FormI by redg. post.

company cannot terms of contract unilaterally 

2) as per terms of your appointment letter 15% of pay  is  included as performance pay

3)you are entitled to performance incentive on pro  rata basis 

This is prerogative of company to amend polices but any change in individual contract shall be bilateral, if not agreed to employee , can terminate the contract.

Neither such amendments can be retrospective, hence appraisal already done before modification in policy shall be payable. 

No , company can't change policy in.middle and you have full rights as you have rendered your 11.5 years services to company's growth.

So you're eligible for getting performance at the time of settlement, because at the time of resignation day whichever policy is applicable to employees that policy is granted to exit policy. And accordingly that company needs to pay.

If company don't take you seriously than make complaints in labour registrar.

I can draft a letter for you in this regards.

Hi,

You may challenge the new policy and ask your dues as per your contract.

Yes you can  claim the same from  company if not given you can go to labour court

performance based incentive/bonus means its based on the company's policy and discretion of the employer/management.

So better write a detailed letter (not mail) to your HR department and seek for an reply, if they are not responding send a reminder letter copy to the labour department and for sure you will get the due amount with out any problem. 

1. You have not mentioned the date of resignation.

2. If the policy was changed after you tendered your resignation then you can file a suit for declaration that changed policy is not binding on you and the company should be directed to pay CTC according to unchanged policy.

No company cannot change CTC related polices without approval from employees.

Yes you can claim incentive as per your contract. 

If as per your company rules you are eligible for the said bonus then you can very well claim the same.

The change in the policy may not be binding on you while you have have signed the employment offer letter containing the old policy only in this respect.

You may first make a written representation to the management of the company in this regard and demand your dues, if your representation is rejected then you may plan to initiate proper legal steps to recover the amount which is due to you.