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Context: As per the extant law, bonus dues are barred only in case of employees dismissed for fraud, violent conduct and theft or sabotage.
New rules:
Prevention of Sexual Harassment (POSH) law
What need to be done?
The minimum bonus payable under the Payment of Bonus Act, 1965 is 8.33% of the salary or wage earned by the employee during the accounting year.
The salary and bonus payment limits are yet to be notified under the Code on Wages.
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