Understanding the Bonus Act: What Are the Minimum and Maximum Bonus Eligibility Criteria?

Manoj gulapala
Can anyone explain the Bonus Act, minimum bonus, and maximum bonus eligibility?
smdharanimano
Hello Manoj, you can pay 8.33% of the salary as a bonus. It depends on the profits earned by the company. Based on the profits, the bonus percentage rate may vary from 8.33% to 20%. Refer to the amendment of the Bonus Act. Salary means BASIC+DA (comply with Minimum wages).
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