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SALARY PAYMENT IN Indian Rupee (INR)
CONTRACT LANGUAGES Hindi / English
PAYROLL TAX 16.75%
PAYROLL CYCLE Monthly
TIME TO HIRE 12 hours
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Hire and pay talents
with Horizons in
180+ countries
There is no mandatory requirement for employers to pay a 13th month salary payment to employees.
This bonus structure is calculated at a rate of between 8.33% to 20% of an employee’s basic salary, given that the employee has a salary of less than 21,000 INR per month. If an employee makes more than this or a company has less than 20 employees, a bonus system is at the employers discretion.
If a 13th month salary payment is given by an employer, it is generally paid at the end of the financial year. If the statutory bonus applies to a given company, this can allocated monthly or as one lump sum around the festival season in October or November.
The extra bonus payment is considered an added cost to employer (CTC).
Any added bonus payments declared by an employer is taxable as part of an employee’s standard income.
Your business can easily hire employees in India without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 180+ countries worldwide. All you need to do is focus on your business.
There is no mandated obligation of a 13th month salary payment in India.
No, the standard salary arrangement in India includes only a basic 12 month salary structure. It is possible for an Indian employee to negotiate extra benefits which may include a 13th month salary bonus.
Headquarters
71 Robinson Road #13-153
Singapore 068895
+65 3158 1382
Europe
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
Americas
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
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71 Robinson Road #13-153
068895, Singapore
+65 3105 1170
Skalitzer Str. 85/86
10997, Berlin
+49 30 3119 9653
1700 S. Lamar Blvd Suite 338
Austin, Texas 78704
+1 (737) 265-6065
See more locations
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