<h1>Steel company, union agree Rs 303.13 crore FY2024-25 bonus payout; employer cites Payment of Bonus (Amendment) Act, 2015 eligibility limits</h1> A steel company and its workers' union executed a memorandum of settlement providing a total annual bonus payout of Rs 303.13 crore for FY 2024-25. Of this, Rs 152.44 crore will be distributed among 11,446 employees in certain regional divisions. The settlement sets attendance-based bonus ranges from Rs 39,004 (full attendance) to Rs 3,92,213 (actual attendance). The employer noted many employees exceed the salary threshold under the Payment of Bonus (Amendment) Act, 2015 and thus are not statutorily eligible, but agreed to pay bonuses to unionised staff; a government conciliation officer attended the signing.