Bonus Payments
Process performance bonuses and incentives
Bonus Payments
Types of Bonus
- Performance Bonus: Based on targets
- Festival Bonus: Diwali, annual
- Retention Bonus: One-time
- Referral Bonus: For hiring
Processing Bonus
- Go to Payroll > Bonus
- Select bonus type
- Enter amounts per employee
- Choose payment month
- Process with payroll
Tax Treatment
Bonus is fully taxable:
- TDS calculated at slab rate
- Added to gross income
- No exemptions
Reporting
Track bonus:
- By employee
- By type
- Annual bonus cost