Dear All, The attached PPT prepared by one of my senior friend Mr. Rahul Bagale hope you will find it useful.
From India, Pune
Acknowledge(0)
Amend(0)
470From India, Pune
Acknowledge(0)Amend(0)
I think a lot more changes took place after that. Someone will need to amend that. Eg. Payment of wages act limit is now 18000 not 10000 There is no limit in wca
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Payment of Bonus Act Wage limit Rs.3,500/- to Rs,5,000/- eligible criteria enhanced up tp Rs.10,000/- but bonus calculation wage limit is enhanced Rs.3500/- to Rs.5000/- V K Rao
From India, Guntur
Acknowledge(0)Amend(0)
From India, Guntur
Acknowledge(0)Amend(0)
When did this computation of bonus ceiling increase to 5000?
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Mr. Prasanth, While posting such information, once check with evidence. Regards, PBS KUMAR
From India, Kakinada
Acknowledge(0)Amend(0)
From India, Kakinada
Acknowledge(0)Amend(0)
None of these Amndts can be termed recent in fag end of 2013.The amndt in POB Act is non existing. Varghese Mathew
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
Hi Karthik,
It depends on the age and the salary of the injured employee at the time of death. If the salary is more than Rs 8000/- per month, it is deemed as Rs 8000/. If it is less than Rs 8000/-, the actual amount is reckoned.
The calculation is as follows: 50% of the salary multiplied by the factor assigned to the age of the employee at the time of death or Rs one lakh, whichever is more.
For example, an employee aged 30 with a salary of Rs 10,000/- who passed away is eligible for compensation of Rs 831,920/-, calculated as 50% of Rs 8000 (maximum considered) multiplied by 207.98. If his salary was Rs 7800/-, he would have received Rs 811,122/-.
Varghese Mathew
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
It depends on the age and the salary of the injured employee at the time of death. If the salary is more than Rs 8000/- per month, it is deemed as Rs 8000/. If it is less than Rs 8000/-, the actual amount is reckoned.
The calculation is as follows: 50% of the salary multiplied by the factor assigned to the age of the employee at the time of death or Rs one lakh, whichever is more.
For example, an employee aged 30 with a salary of Rs 10,000/- who passed away is eligible for compensation of Rs 831,920/-, calculated as 50% of Rs 8000 (maximum considered) multiplied by 207.98. If his salary was Rs 7800/-, he would have received Rs 811,122/-.
Varghese Mathew
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
Dear All,
I appreciate the knowledge of all learned followers. At the same time, I would certainly appreciate the efforts made in sharing the ppt presentation. Thanks to all. Keep up the good work and add slides to the presentation to benefit others in a consolidated form.
Happy Deepawali to all followers and the team of Cite HR.
AK Jain
HR Personnel
NCL, CIL
From India, New+Delhi
Acknowledge(0)Amend(0)
I appreciate the knowledge of all learned followers. At the same time, I would certainly appreciate the efforts made in sharing the ppt presentation. Thanks to all. Keep up the good work and add slides to the presentation to benefit others in a consolidated form.
Happy Deepawali to all followers and the team of Cite HR.
AK Jain
HR Personnel
NCL, CIL
From India, New+Delhi
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
THE PAYMENT OF BONUS ACT(with amendments & comments) 1965.docx
Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf