https://www.taxtmi.com/news?id=53865 A memorandum of settlement was signed to distribute an annual bonus for 2024-25, specifying a company-wide total payout and a Jamshedpur division allocation, with stated minimum (full attendance) and maximum (actual attendance) individual bonuses. Although most employees exceed the earnings ceiling of the Payment of Bonus (Amendment) Act, 2015 and thus are not statutorily eligible, the company agreed to pay bonuses to unionised employees pursuant to the negotiated settlement, signed by senior management, union representatives, and witnessed by a government conciliation officer. en-us Thu, 28 Aug 2025 17:46:03 +0530 Thu, 28 Aug 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53865 A memorandum of settlement was signed to distribute an annual bonus for 2024-25, specifying a company-wide total payout and a Jamshedpur division allocation, with stated minimum (full attendance) and maximum (actual attendance) individual bonuses. Although most employees exceed the earnings ceiling of the Payment of Bonus (Amendment) Act, 2015 and thus are not statutorily eligible, the company agreed to pay bonuses to unionised employees pursuant to the negotiated settlement, signed by senior management, union representatives, and witnessed by a government conciliation officer. News - Thu, 28 Aug 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=53865