Payment of bonus: employers may deduct customary or interim bonuses already paid from the annual bonus, employee receives the balance. Employers may deduct any puja or other customary bonus, or any part of the bonus paid in advance, from the bonus payable under the Code for that ... Summary
Payment of bonus: employers may deduct customary or interim bonuses already paid from the annual bonus, employee receives the balance.
Employers may deduct any puja or other customary bonus, or any part of the bonus paid in advance, from the bonus payable under the Code for that accounting year, leaving the employee entitled only to the balance; the provision takes effect by notification dated 21-11-2025, w.e.f. 21-11-2025.
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