The Ministry of Labour and Employment, vide S.O. 4710(E), has issued a Notification under sub-section (2) of Section 26 of the Code on Wages, 2019 regarding the calculation ceiling of wages for bonus. The notification is relevant for employers, employees, HR professionals, and payroll teams in determining the applicable wage ceiling for calculation of bonus under the Code on Wages, 2019. Stakeholders are advised to refer to the official notification for complete details regarding the prescribed calculation ceiling, applicability, effective date, and other relevant provisions.