Hi all,
Government has launched an amendment on bonus and given payment of bonus(amendment) act,2015
(1) This Act may be called the Payment of Bonus (Amendment) Act, 2015.
(2) It shall be deemed to have come into force on the 1st day of April, 2014.
2. In section 2 of the Payment of Bonus Act, 1965 (hereinafter referred to as the principal Act), in clause (13), for the words "ten thousand rupees" the words"twenty-one thousand rupees"shall be substituted.
3. In section 12 of the principal Act, (i) for the words "three thousand and five hundred rupees"at both the places
where they occur, the words "seven thousand rupees" or the minimum wage for the
scheduled employment, as fixed by the appropriate Government, whichever is higher shall respectively be substituted;
From India, Hosur
Government has launched an amendment on bonus and given payment of bonus(amendment) act,2015
(1) This Act may be called the Payment of Bonus (Amendment) Act, 2015.
(2) It shall be deemed to have come into force on the 1st day of April, 2014.
2. In section 2 of the Payment of Bonus Act, 1965 (hereinafter referred to as the principal Act), in clause (13), for the words "ten thousand rupees" the words"twenty-one thousand rupees"shall be substituted.
3. In section 12 of the principal Act, (i) for the words "three thousand and five hundred rupees"at both the places
where they occur, the words "seven thousand rupees" or the minimum wage for the
scheduled employment, as fixed by the appropriate Government, whichever is higher shall respectively be substituted;
From India, Hosur
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Payment of Gratuity Amendment Bill 2010.pdf