Periodicity for Statutory Bonus - One is the routine yearly method of diwali bonus, and another is the monthly bonus?

varsha-jangam

We are working in the engineering sector. Our organization wants to follow periodicity of two for payment of the Statutory bonus. One is the routine yearly method of diwali bonus, and another is the monthly bonus. Can we follow both systems in one organization? Please explain.
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Periodicity for Statutory Bonus - One is the routine yearly method of diwali bonus, and another is the monthly bonus?

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