I'm trying to understand what bonus rule means. Could someone please explain it to me? I'm particularly interested in how it works and what its purpose is.
5 answers
Lorenzo
Wed Dec 04 2024
Employees are entitled to receive a minimum bonus from their employer annually.
HallyuHeroLegend
Tue Dec 03 2024
The bonus amount is calculated based on 8.33% of the employee's salary or wage.
Stefano
Tue Dec 03 2024
Alternatively, the employer may choose to pay a fixed amount of Rs. 100.00 as the bonus.
CryptoAlchemy
Tue Dec 03 2024
The employee will receive the higher amount between the two options.
AzureWave
Tue Dec 03 2024
This obligation is binding on the employer, regardless of whether the company has an allocable surplus or not.