Consequent to the amendment to Payment of Bonus Act 1965, promulgated by the President, the ceiling of minimum basic salary has been raised to INR 10,000/- for payment of Bonus. :?: We were informed that Bonus has to paid to the employees who are drawing Basic salary @ INR 10,000/- or less per month and payment has to take place in Nov. 07.
We wish to inform you that our compnay, is paying Bonus to all employees irrespective of their Basic Salary amount and the minimum amount of bonus we are paying is INR 12,000/- p.a. and the same is paid in the month of April for the previous financial year and the same is forming part and parcel of Cost to Company per annum.
Considering the bonus amount paid by our company we would like to know whether our company is still bound by the above said promulgamation by the President of India, to pay bonus to the employees From China, Qinhuangdao