Puja Bonus & Festival Bonus Rule in India
Bonus
was regarded as an ex-gratia payment made by an employer.
Every year employer provide
Bonus
to eligible employee before puja or Diwali.
Employee should have worked for at least 30 days to be eligible to receive
Bonus.
Eligible Employees Salary Should be less than
21000/-
at present.
Minimum
Bonus
is 8.33% of salary or wages.
Maximum
Bonus
could be 20% of salary or wages depends on the desire of the employer to pay.
Non Payment of Bonus under the Provision of of the Bonus Act may attract to penalties for employer.
To Know More About the Bonus
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