:?: Whether the Bonus wage/salary limit has increased to Rs.10000/per month from the existing Rs.3500/pm. :?: Whether section 12 of the act has changed or the calculations are based at Rs.2500/pm
From India, Pune
1From India, Pune
Yes, the Bonus wage/salary limit has increased to Rs.10000/per month from the existing Rs.3500/pm.
Section 12 of the act has changed ,the calculations are based at Rs.3500/pm from the existing Rs. 2500/pm
From India, New Delhi
Section 12 of the act has changed ,the calculations are based at Rs.3500/pm from the existing Rs. 2500/pm
From India, New Delhi
Dear Jose,
I had also posted the same query, as confusion is that yet applicability date is not yet announced so whether calculation to be done on 2500 or 3500.
If you came to know the right answer plz intimate me too.
Regards,
Shilpi
From India, New Delhi
I had also posted the same query, as confusion is that yet applicability date is not yet announced so whether calculation to be done on 2500 or 3500.
If you came to know the right answer plz intimate me too.
Regards,
Shilpi
From India, New Delhi
Dear shilpy & Jose,
this is the latest news i had , according to this i come to know that this will applicable for april06 to march07, which we havebeen ready to pay.
Centre approves amendment in Bonus Act
Tuesday, October 30, 2007 10:59 [IST]
New Delhi: The Centre has promulgated an ordinance approving changes in the Payment of Bonus Act, which would make workers drawing up to Rs 10,000 monthly salary eligible for annual bonus.
President Pratibha Devisingh Patil promulgated the Payment of Bonus (Amendment) Ordinance of 2007 on October 27, an official release said here today.
Hitherto, only those having a monthly salary of upto Rs 3,500 were eligible to claim bonus.
The Cabinet on October one had approved the amendment to Section 12 of the Act "to raise the eligibility limit for payment of bonus from the salary or wage of Rs 3,500 to Rs 10,000 per month".
The decision would benefit seven per cent of the total workforce in the country which is working in the organised sector.
The payout proposal is broadly in line with recommendations of the 41st session of the Indian Labour Conference (ILC) held in April this year, and is the result of a long-pending demand of the trade unions, particularly by the CPI (M)-affiliated Centre for Indian Trade Unions (CITU).
Source : PTI
From India, New Delhi
this is the latest news i had , according to this i come to know that this will applicable for april06 to march07, which we havebeen ready to pay.
Centre approves amendment in Bonus Act
Tuesday, October 30, 2007 10:59 [IST]
New Delhi: The Centre has promulgated an ordinance approving changes in the Payment of Bonus Act, which would make workers drawing up to Rs 10,000 monthly salary eligible for annual bonus.
President Pratibha Devisingh Patil promulgated the Payment of Bonus (Amendment) Ordinance of 2007 on October 27, an official release said here today.
Hitherto, only those having a monthly salary of upto Rs 3,500 were eligible to claim bonus.
The Cabinet on October one had approved the amendment to Section 12 of the Act "to raise the eligibility limit for payment of bonus from the salary or wage of Rs 3,500 to Rs 10,000 per month".
The decision would benefit seven per cent of the total workforce in the country which is working in the organised sector.
The payout proposal is broadly in line with recommendations of the 41st session of the Indian Labour Conference (ILC) held in April this year, and is the result of a long-pending demand of the trade unions, particularly by the CPI (M)-affiliated Centre for Indian Trade Unions (CITU).
Source : PTI
From India, New Delhi
Dear Friend,
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...yment+of+Bonus
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
Kindly click on the following link, it will give you some required information,
https://www.citehr.com/download-list...yment+of+Bonus
Pls let me know was this information useful,,
If not let me try out more & give information,,,,
Regards
Mohamed Sardhar
91 93831 93832
From India, Coimbatore
Dear Sardhar, Stop this same practice everytime. this has no use and and no connection with this topic.
From India, New Delhi
From India, New Delhi
Dear shilpy,
you are always welcome, if you need official information about this to show your seniors, you can use following link
http://pib.nic.in/release/release.asp?relid=32264
now I think this topic should end.
From India, New Delhi
you are always welcome, if you need official information about this to show your seniors, you can use following link
http://pib.nic.in/release/release.asp?relid=32264
now I think this topic should end.
From India, New Delhi
Dear Mr.Bhatt,,
Thank you So Much for the Criticism,,
I am happy that I am Criticized,,,
Thank you Ms.Shilpi for the same thought..
Let me know on what basis the same has no relevance to the topic...
I always believe in the following,,,
Teach a Person how to Fish Instead of Giving a Fish,,,
So that he gets Fish for his lifetime,,,
Giving Direct answers to any Query makes the person lazy and also his knowledge level might be limited to ask only queries,,,,,
You give him the link, he will put his effort in getting the answer and also will get more information,,,,
Criticism makes a Man Perfect,,,
From India, Coimbatore
Thank you So Much for the Criticism,,
I am happy that I am Criticized,,,
Thank you Ms.Shilpi for the same thought..
Let me know on what basis the same has no relevance to the topic...
I always believe in the following,,,
Teach a Person how to Fish Instead of Giving a Fish,,,
So that he gets Fish for his lifetime,,,
Giving Direct answers to any Query makes the person lazy and also his knowledge level might be limited to ask only queries,,,,,
You give him the link, he will put his effort in getting the answer and also will get more information,,,,
Criticism makes a Man Perfect,,,
From India, Coimbatore
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 to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of to 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
From India, Coimbatore
----------------------------------------------------------------- ---------------
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 to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of to 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
From India, Coimbatore
Dear Mr.SARDHAR,
I appreciate your view & thats true, when I opened your link it went to ppt,pdf& word files link and there was no document who clarify the latest amendment. in my attachment i posted today you can see the ordinance effectivnes.
if you feel hurting , I apologize for same , my intention was not to do so .
thanks
From India, New Delhi
I appreciate your view & thats true, when I opened your link it went to ppt,pdf& word files link and there was no document who clarify the latest amendment. in my attachment i posted today you can see the ordinance effectivnes.
if you feel hurting , I apologize for same , my intention was not to do so .
thanks
From India, New Delhi
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Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc