Midyear Bonus 2024 Guidelines In India

Midyear Bonus 2024 Guidelines In India. This is 50% more than last. Bonus payments are the extra money paid to employees over their salary, & is fully taxable.

As per the act, bonus should be paid at the minimum rate of 8.33% and the maximum rate of 20%. 21,000 per month who has worked for not less than 30 days in an accounting year, shall be eligible for.