Managing Director of our company has proposed that he wants to pay 20% Bonus on monthly basis (with disbursement of salary). His motive is to attract new talent by increasing their cash in hand per month. He wants to pay as per latest amendment i.e. on limit of 7000. Now he has sought legal opinion from me whether we can pay 20% on monthly basis or we can only pay 8.33% on monthly basis. Please give your valuable advice on this matter.