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of <h1>Clause 41 of Code on Wages 2019: Bonus Payment Rules Exempt Certain Employee Categories, Includes LIC and Government Workers.</h1> Clause 41 of the Code on Wages, 2019, outlines the non-applicability of the chapter on payment of bonus to specific categories of employees. These include those employed by the Life Insurance Corporation of India, seamen, dock workers, government employees, and employees of non-profit institutions such as the Indian Red Cross Society, universities, and hospitals. It also exempts employees of the Reserve Bank of India, certain public sector financial institutions, and inland water transport establishments. Additionally, the government may exempt other establishments based on profit-sharing schemes. The chapter applies to establishments with twenty or more employees during an accounting year.
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