The Payment of Bonus Act has been revised . The official notification is attached. All employees with a basic of less than 10k per month are now covered under this.
From India, Delhi
1From India, Delhi
Hi, Thnx for the information given. Can you pls tell me where is the Notification available on line in Ministry of Law website? Thnx in advance
From India, Mumbai
From India, Mumbai
Hi, I have a question with this act. Q- What can be consists of a Basic Salary? (eg- any other fixed pay like special all. can be consists with the same of not?) Pl reply. Regards Amit Bhatia
From India, Mumbai
From India, Mumbai
Dear Sir, Wages or salary means basic wage, D A & food allowance or food value. Regards, R N Khola Sr Associte Skylark Associates Gurgaon
From India, Delhi
From India, Delhi
Wages under Payment of Bonus Act i.e. Rs.10,000/- for coverage under Act. Whether the wages are Basic or Gross Wages
From United States, Manchester
From United States, Manchester
Dear
As I have already told that wages or salary means basic wage, D A & food allowance or food value. Gross wages are not to be considered under this Act.
Regards,
R.N.Khola
Skylark Associates, Gurgaon(Haryana)
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
As I have already told that wages or salary means basic wage, D A & food allowance or food value. Gross wages are not to be considered under this Act.
Regards,
R.N.Khola
Skylark Associates, Gurgaon(Haryana)
(Labour Law & Legal Consultants)
09810405361
From India, Delhi
Dear Seniors,
I would like to know more about Service Compensation, with regards to IT Industry.
1)Is service compensation applicable to the employee(s) in an IT firm?
2) If yes, who would be eligible?
3) How is Service Compensation calculated?
Thanks & Regards,
Venkat
From India, Hyderabad
I would like to know more about Service Compensation, with regards to IT Industry.
1)Is service compensation applicable to the employee(s) in an IT firm?
2) If yes, who would be eligible?
3) How is Service Compensation calculated?
Thanks & Regards,
Venkat
From India, Hyderabad
Dear Venkat, This thread relates to Payment of Bonus Act & therefore it will be better if you post your query on separate or similar thread. Regards, R N Khola
From India, Delhi
From India, Delhi
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc