AMENDMENT TO THE PAYMENT OF BONUS ACT, 1965 - basic salary Pdf Download
CiteHRCiteHR
 
HOME RISE NEW TEAM →|
Home > Human Resource Section > Human Resource Management

M.Peer Mohamed Sardhar Started The Discussion:

AMENDMENT TO THE PAYMENT OF BONUS ACT, 1965
--------------------------------------------------------------------------------

14:45 IST
The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:-

i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of Rs.3500/- to Rs.10,000 per month.

ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of Rs.2500/- to Rs.3500/- per month, and;

iii) Deletion of section 32(vi): To cover the employees employed through contractors on building operations .

* * *

SH/CS



http://pib.nic.in/release/release.asp?relid=31572

M.Peer Mohamed Sardhar -  Member Since: Jan 2007
Query about Amendment of Bonus Act were more in the last 60 days,, I found the above link from Union Govt website and posted it for the benefit of our Members,,,,,

Helen Raj -  Member Since: Sep 2007
Dear sir, Can you please let me know whether this amendment effects from the FN 2006 - 07 or 2007 - 08. Regards Helen :roll:

Helen Raj -  Member Since: Sep 2007
Dear sir, Can you please let me know whether this amendment effects from the FN 2006 - 07 or 2007 - 08. Regards Helen :roll:

himanshu20 -  Member Since: Mar 2009
Hi,
I would like to ask that regarding this payment of bonus act. Will I get this bonus if my basic salary was less then 10000 Rs. in 2008-2009. If yes, then when will generaly this bonus has been relised...... boz 2008-2009 financial year has been end......

Ronit

george_ca -  Member Since: Dec 2008
PUBLIC NOTICE
Department of Labour
Government of Maharashtra
Maharashtra mandates payment of bonus only through cheques/banks

The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account only.



The employers should, therefore, immediately open their own bank accounts and those of their workers, if not already opened in any nationalized/scheduled banks having core banking facility.



In case of any concerns please contact local labour office.



Commissioner of Labour
Maharashtra State

DGIPR/2010-11/1446

praveen.mudiraj@gmail.com -  Member Since: Oct 2010
i am aware of the minimum bonus is 8.33% & ealigibility is 3500-10000
but i am confused that the maximum limit of 10000/- whether it is total gross/earnings or basic salary or basic+conveyance

if possible please send me the act copy of the same.

george_ca -  Member Since: Dec 2008
Latest amendment in bonus act. Maharashtra


Attached FilesProvided by community member george_ca. Join us to learn and grow with your peers.
File Type: pdf Payment of Bonus Mah Amendment Ordinance 2010.pdf (120.1 KB, 1524 views)
patel.bk.1982@gmail.com -  Member Since: Dec 2011
hi,
this is Bipin here from Nirma Groups
i wants to know that which books or author is wel known in market and i should study it by which we can get in touch completely by reading that books

refer me as early as possible as per your opnions




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.



    3M Users, 100K+ Documents & 450K+ Discussions

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Community Support & Professional Insights. Login or Register.
    Email/Username    
    Password  

    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network