Hi All,
Please let me know the difference between statuary bonus and performance bonus.
As per my knowledge statuary bonus is paid to all the employees whose basic salary is less than 10K pm and minimum compulsory limit is 8.33% of basic.
Would be great if you can enlighten it more.
Regards
Urvashi
From India, Pune
Please let me know the difference between statuary bonus and performance bonus.
As per my knowledge statuary bonus is paid to all the employees whose basic salary is less than 10K pm and minimum compulsory limit is 8.33% of basic.
Would be great if you can enlighten it more.
Regards
Urvashi
From India, Pune
167Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
Bonus-amendment _206.doc