Labour Laws & Ir
Kumar H P
Hr And Compliance
Hr Admn Officer
Sir, i have seen the attached file(Payment of Bonus Act Amendment Bill -2010) sent by u, thanks for this useful information. Sir, Whether this Bill is promulgated by the Parliament / President Of India? If u know, kindly post it.
11th October 2010 From India, Mumbai
lot of confusion is being created by in the society regarding amendment to bonus act. Some of them are of the opinion that it has come into force from 1.10.2010.
In this connection we want to clarify that so for no bill has been moved by central Govt. regarding bonus Act. However one private bill was introduced in March. 2010.
Till it is passed, no amendments to Bonus Act can be effected.
Current Labour Reports
12th October 2010 From India, Mumbai
Can anyone suggest whether the 11% is in force or still pending? what is the status and effect of the Payment of Bonus (Amendment) Bill 2010 attached?
Presently we are calculating the bonus at 8.33% now. It could be very helpful if any one confirms in detail about 8.33% or 11% which will be correct to pay the current year starting from 01 Oct 2009 to 30 Sep 2010. (Tirupur, Tamilnadu)
Thanks & Regards
20th October 2010 From India, Coimbatore
The proposal for changes are in the Bill stage.There should not be confusion in the minds of HR professionals.
As of today there is no change.If the Bill is passed by both Houses in the next session of Parliament and thereafter Presidential assent given and then notified it will change the Bonus rates.
Advocates & Notaries & Legal Consultants[HR]
E-mail : rajanassociates@eth,net,
Mobile : 9025792684.
23rd October 2010 From India, Bangalore
I was working with one of the 54 year old company till April2010. When I asked for my Bonus for the year 2009-2010 I was told that I am not eligible for the Bonus as my basic is above Rs.10000/- . If such is a case then how I use to get Bonus for earlier years ? Is there a clause that Bonus is not payable to employees who have resigned from services .
Please update me
Thanks & Regards
10th November 2010 From India, Mumbai
Can anyone confirm ?
.... . . . . Dean Jones
11th December 2012 From India, Hyderabad