The Ministry of Labour and Employment has released two notifications which essentially bring good news for employees. These two notifications say that all employees earning up to Rs 21,000 per month can get bonus money from their employer, subject to certain calculation-related conditions. But for those employees who earn more than Rs 21,000 per month, this bonus payment is not mandatory.
The annual bonus which eligible employees can get is a minimum of 8.33% and a maximum of 20% of the wages earned. (The calculation and legal rationale is given in the later part of this article).
