What is the difference between a bonus and PPPL (Production, Productivity, and Profitability Linked Incentive Scheme)? Is it mandatory to pay a bonus if an employee is paid through PPPL? How is the bonus adjusted with PPPL?
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Dear Nitin,
A bonus is a statutory requirement that is mandatory to be paid by every profit-making organization. On the other hand, PPPL is completely linked with production, productivity, and profitability, and is considered an incentive for the employee, which is paid on a monthly basis. Thus, you can't club it together.
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384A bonus is a statutory requirement that is mandatory to be paid by every profit-making organization. On the other hand, PPPL is completely linked with production, productivity, and profitability, and is considered an incentive for the employee, which is paid on a monthly basis. Thus, you can't club it together.
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