The Labour Department of NCT Delhi has mandated the bonus payment before Deepawali by the contractors where 20 or more workers are employed on any day during the accounting year.
The principal employer of the establishments is responsible to ensure compliance and disbursement of bonus to outsourced workers/employees by their contractors in the forthcoming Deepawali festival season.
The Minimum bonus payable under the Payment of Bonus Act, 1965 shall be:
- @ 8.33% of the basic and dearness allowance to the employees/workers as per the Act.
- Bonus is payable with 8 months of the closing of the accounting year however it is customary to pay the bonus before Deepawali.