TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Employees Entitled to Annual Minimum Bonus Under Code on Wages, 2019; Bonus Linked to Allocable Surplus and Profitability</h1> Under the Code on Wages, 2019, employees earning wages below a government-specified amount are entitled to an annual minimum bonus of either 8.33% of their wages or 100 rupees, whichever is higher, provided they have worked at least 30 days in the accounting year. If the employer has an allocable surplus, the bonus may increase up to 20% of wages. For new establishments, bonuses are only required in profitable years initially, with specific provisions applying in subsequent years. Any bonus demands beyond the minimum must be agreed upon between employers and employees, not exceeding 20% of wages.
TaxTMI 
TaxTMI 
