https://www.taxtmi.com/article/detailed?id=16622 Payment of bonus under the Code on Wages, 2019 is regulated by statutory provisions on eligibility, computation, disqualification, timing, and surplus-based payment. The framework requires at least 30 days of work in an accounting year, applies generally to establishments employing 20 or more persons subject to exceptions, and fixes minimum and maximum bonus limits at 8.33% of wages or Rs.100, whichever is higher, and 20% of wages. Bonus is computed from allocable surplus, with rules on set-on, set-off, interim bonus, deductions for misconduct causing financial loss, payment within 8 months from the end of the financial year, and special treatment for branches, contractual employees, and excluded categories. en-us Thu, 11 Jun 2026 08:34:30 +0530 Thu, 11 Jun 2026 08:34:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16622 Payment of bonus under the Code on Wages, 2019 is regulated by statutory provisions on eligibility, computation, disqualification, timing, and surplus-based payment. The framework requires at least 30 days of work in an accounting year, applies generally to establishments employing 20 or more persons subject to exceptions, and fixes minimum and maximum bonus limits at 8.33% of wages or Rs.100, whichever is higher, and 20% of wages. Bonus is computed from allocable surplus, with rules on set-on, set-off, interim bonus, deductions for misconduct causing financial loss, payment within 8 months from the end of the financial year, and special treatment for branches, contractual employees, and excluded categories. Articles Other Topics Thu, 11 Jun 2026 08:34:30 +0530 https://www.taxtmi.com/article/detailed?id=16622