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of <h1>Code on Wages, 2019: Carry Forward Surplus or Deficit in Employee Bonuses for Up to Four Years</h1> The Code on Wages, 2019, outlines provisions for managing allocable surplus regarding employee bonuses. If the allocable surplus exceeds the maximum bonus payable, the excess, capped at 20% of total employee wages, can be carried forward for up to four years to offset future bonuses. Conversely, if there's a shortfall in the allocable surplus to cover the minimum bonus, the deficit is also carried forward for up to four years. The Central Government prescribes the rules for these set on and set off processes, ensuring all cases are covered. The earliest carried forward amounts are prioritized in subsequent calculations.
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