Bonus Pay: Meaning, Payment of Bonus Act, Calculation & Types

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Bonus is basically the extra money that an employee receives on top of the salary heshe receives every month

For ages upto 25 years, for a premium payment term of 6 years, the Cash Bonus Rate will be % for Policy Term 30-40 years These cash bonus rates are A bonus is a financial reward beyond what was expected by the recipient Learn how companies reward employees with incentive and performance bonuses

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