Trending @Infosys; What is billable project can someone explain

A billable project is a project or task undertaken by a business, freelancer, or professional where the time, resources, or deliverables are directly charged to a client or customer based on an agreed-upon rate or fee structure. In other words, the work performed is invoiced to the client, generating revenue for the service provider.

If you are on bench then Infosys wil pay you the salary and if you tagged on any projects/ account s then that project will pay your salary to Infosys that is called billable. You can see the status of % in Alcon