19/03/2025 Technology
A statutory bonus is a mandatory bonus that employers must pay to eligible employees under the Payment of Bonus Act, 1965 in India. It is a financial reward based on an employee's salary and the company's profitability.
1. Eligibility: Employees earning up to ₹21,000 per month.
2. Bonus Range: 8.33% to 20% of annual salary.
3. Calculation: Based on company profits and employee salary.
Learn more about statutory bonuses and how they impact employee earnings! ????
????https://www.nitsotech.com/blog/statutory-bonus/
A statutory bonus is a mandatory bonus that employers must pay to eligible employees under the Payment of Bonus Act, 1965 in India. It is a financial ...
Stay stress-free with payroll compliance! Our 100% statutory-compliant payroll software ensures seamless adherence to Indian labor laws, including PF,...
Xcellency Ltd offers professional Payroll Outsourcing Services to help businesses streamline payroll processing and ensure compliance. Our expert team...
Hinote is one of the trusted payroll outsourcing companies in Chennai, offering reliable and efficient payroll software solutions tailored for busines...
More Details