Central
Payment of BonusNotification regarding sub section 2 of section 26 of Code on wages, 2019 (Calculation Ceiling of Wages for Bonus)
Central published this gazette notification (Gazette ID: central-notification-regarding-sub-section-2-of-section-26-of-code-on-wages-2019-calculation-ceiling-of-wages-for-bonus) on 2026-08-25, filed under Payment of Bonus. The purpose of this notification is to provide clarity and guidance on the calculation of bonus wages, ensuring compliance with the Code on Wages, 2019.
| Issue Date | |
| Published | |
| Gazette ID | central-notification-regarding-sub-section-2-of-section-26-of-code-on-wages-2019-calculation-ceiling-of-wages-for-bonus |
| Category | Payment of Bonus |
Action Required
Employers must review and update their bonus calculation policies to ensure compliance with the notified wage ceiling, and implement the necessary changes to avoid any potential penalties or disputes.
Statutes & Rules Amended
- Code on Wages, 2019
- Payment of Bonus Act
Compliance Impact
| Action Required | Employers must review and update their bonus calculation policies to ensure compliance with the notified wage ceiling, and implement the necessary changes to avoid any potential penalties or disputes. |
Purpose
The purpose of this notification is to provide clarity and guidance on the calculation of bonus wages, ensuring compliance with the Code on Wages, 2019.
Summary
The Central Government has issued a notification regarding the calculation ceiling of wages for bonus under sub-section 2 of section 26 of the Code on Wages, 2019, which aims to clarify the wage ceiling for bonus calculation. This notification is expected to impact employers across various industries, particularly those with employees eligible for bonus payments.