Corporate Compliance 8 September 2026
Labour Code Boosts Bonuses to 20%
Under India's new labour code, eligible employees are entitled to a performance‑linked bonus that starts at a minimum of 8.33% of wages and can rise to as much as 20% for qualifying staff. The measure standardises bonus calculations, aims to boost overall earnings, and aligns with the government's broader push for fair compensation.
Labour Code Boosts Bonuses to 20%
- Employees now qualify for a bonus of 8.33% to 20% of their wages, based on eligibility.
- The bonus is performance‑linked, intended to standardise remuneration across industries.
- Aims to raise overall earnings and support the government's fair‑pay agenda.
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