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Bonus Act 1965: Why India Needs to Increase the Minimum Bonus to 10.5%



India is no longer a developing nation; therefore, salary and bonus in India need restructuring. As per the Bonus Act of 1965, the minimum bonus is at 8.33% and the maximum is 20%, and this calculation has increased of premium ceiling from Rs 3,500 to Rs 7,000. The Bonus Act is applicable to every f
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