Can anyone explain the bonus act minimum bonus and maximum bonus eligibility?
From India, Hyderabad
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2From India, Hyderabad
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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).
From India , Pune
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From India , Pune
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