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Maximum limit for calculation of Bonus....

Bhardwaj Ramesh Started The Discussion:

Dear Forum members,

As per my knowledge the bonus calculation limit is Rs.3500/ basic per month. Plese help me out whether the limit has been increased or not. last year it was noticed in some news papers that the Govt. is considering to raise the limit.

Regards

RB

R.N.Khola - Contributing Member
Dear RB,

This limit has not been increased so far.

Regards

R.N.KHLOA|Sr.ASSOCIATE|LL&IR|
SKYLARK ASSOCIATES|GURGAON|HARYANA|
Labour Law Consultants|Mobile:9810405361|
www.skylarkassociates.com/

rkn61 - Contributing Member
Would like to supplement as follows:

An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-

1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.

Thanks.

R K Nair

sethupathy - Contributing Member
Dear All, Mr.R.K.N and Mr.R.N.K, Thanks for your valuable inputs. I am also enclosing the amendment notification and the bill for members reference. S.Sethupathy Excellent HR Services, Erode.


Attached FilesProvided by community member sethupathy. Join us to learn and grow with your peers.
File Type: doc Bonus act amendment 07.doc (113.0 KB, 3140 views)
File Type: pdf Bill-Payment of Bonus Act Amendment[2010].pdf (629.9 KB, 1901 views)
File Type: xls Bonus_Calulation.xls (21.5 KB, 2214 views)
cms123 - 
Dear All

it was just draft bill its not yet published in Gazzete of India hence not applicable , current bonus ceiling of 3500 will continue till the publication of amendment in Bonus

Thanks
Sunil Nipurte
Mumbai

paliwalkc - 
Dear All, Agreed with Mr. Sunil, this is just draft of bill not official gazzete. Thanks KCP

Pl let me know if the recommendations on enhancing the above limits have been accepted and accordingly has the amendment bill been passed. Thanks, Sastry

Manish0712 - 
Dear All, Agreed with Mr. Sunil, this is just draft of bill not official gazzete. Thanks Manish0712

nikhilraj - 
Would like to supplement as follows:

An amendment bill has already been made as Payment of Bonus (Amendment) bill, 2010 (Reference Bill no.15 of 2010) wherein following are sought for amendment:-

1) Eligibility limit for payment of Bonus is enhanced from 10,000/- to 15,000/-
2) Percentage of minimum Bonus payable from 8.33% to 11%
3) Calculation ceiling of Bonus from 3500/- to 5000/-.


plz send me G.O. copy of above amemdment bill

Dear Sir, In Bonus Calculation in industry (Manpower supplier), Bonus = Basic *8.33/100 OR Basic +Da *8.33/100 Kumar



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