MITR_2008 Started The Discussion:
The ceiling for payment of bonus u/Bonus act has been enhanced from 3500 to 10000. What do you have to say about this ? Mitr_2008
1st October 2007 From India, Hyderabad

Pl give the details i.e.by which notification, date of enforcement etc. to update.
If you have such notification then pl post it on this site so that everybodys get such updated information.
Regards,
Pradip
1st October 2007 From India, Pune
It was in the news about 2-3 months back, but nothing concrete has been approved. After proper approval process, notification would be issued. Then & then only we will have to think about it.
Santosh Iyer

1st October 2007 From India, Pune
Dear
The news has been published today (2nd Oct) in the newspapers. In winter season it would be put before parliament and then it would be further taekn.
Though the eligibility limit for covcergae has been enhanced to INR10,000/- (Basic +DA) but computation limit has been raised merely by INR1,000/- which is not right at all consdiering the fact that limit has been raised after 10 years.
Rajeev
2nd October 2007 From India, Mumbai
Dear all, I want to know who will come under bonus act and what exactly is the payment to be done to which section of employees. when and which establishment will come under Bonus Act. Rgds priya
3rd October 2007 From India, Bangalore
Dear Priya,
Greetings!
Applicability of Payment of Bonus Act:
Every factory where in 10 or more persons are employed with the aid of power
or
An establishment in which 20 or more persons are employed without the aid of power on any day during an accounting year
Payment of Minimum Bonus
8.33% of the salary or Rs.100 (on completion of 5 years after 1st Accounting year even if there is no profit)
Rgds,
John N
3rd October 2007 From India, Madras
Hi,
Can u pl. tell me,(1)whether five years are to be counted from the date of incorporation/set up or from the start of activtities. It would be appreciated if u pl. quote ref. for its evidence or name of the site.
(2)If the company run in profit from its beginning then from which year bonus is payable
Sanjeev Kwatra
sunilsanjeevhotmail.com
24th March 2008 From India, Delhi
Pls find attached notification for Bonus ammendment.
1st June 2010 From India, Mumbai
Attached Files
File Type: pdf Bonus ammendment.pdf (313.7 KB, 359 views)
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