1. Eligibility for bonus was those who had salary up to ₹10,000 per month, now it's for all those with salary of up to ₹21,000 per month.
2. Bonus was computed on salary of up to ₹3,500 per month, now it is computed on ₹7000 per month.
So, if your company was paying 20% of 3500 x 12, now it will have to pay 20% of 7000 x 12. The bonus rate is subject to availability of enough profit (eligible surplus)
Pl.browse the links appearing on to your right on the screen. All these links will give necessary info desired.
Different percentage of bonus to different employee of same grade?
What percentage i need to generate payslip on da/hra/ca?
Can we give statutory bonus monthly. if yes, what would be percentage and procedure?
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf
16th April 2019 From India, Bangalore