Govt. Proposal To Increase Bonus To 11%- Business Manager - HR Magazine Update

Dear Member,
What % of bonus your employer have declared for the accounting year for which you are asking for calculation ? What amount your employer is offering to you ?
Regards,
R.N.Khola

dear all
this is only on preliminary stage. the govt will think ten times before effecting this as this will first give an additional financial role to their corporates , Hence this delay.If it is pertaining to only private companies then they will do immediately without any hesitation.
thanks
thirumalai s
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Govt. proposal to increase bonus to 11%- Business Manager - HR Magazine update
Dear Friends,
Govt. of India through the payment of bonus (amendment) bill-2010 (15 of 2010) published in Gazette of India, proposes the following amendments :
1. To increase minimum bonus limit from 8.33% to 11%
2. To increase the wage ceiling of coverable employee from 10000/- to 15000/- per month.
3. To enhance the calculation of bonus from Rs. 3500/- to 5000/- per month.
At present the above proposals are in the shape of bill only.
Sir it is Passed?????????????

thanks for giving the valueable advice
As posted already a Bill when introduced in either of the Houses of Parliament has to be passed by both Houses then it is sent for Presidential assent and then it is notified in the Gazette for its coming into effect.In the meanwhile it can be referred to a Parliamentary Select Committee for its detailed consideration .It has to pass through these stages.Till it is notified the discussions can be academic.
With Regards
VS Rajan Associates,
Advocates & Notaries & Legal Consultants[ for Staffing & Recruiting Industry
No.27, Ist Floor, Singapore Plaza,
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Dear All
Please let us know the Bonus act 2010 is only proposal or is it to be implemented
if implemented pleas let us know the date of act.
kindly clarify so that everyone can be benefited from this.
With warm regards
S.L.G

Dear S.L.G,
Not amendment have taken place so far & thus no implementation is to be effected.
Regards,
R N KHOLA

Dear Mr. Dixit,
1.He is eligible for the payment of BONUS for the period of 2010-2011. because he have complete 30 working days after the period of march-2011, means he have continue working in 27th feb -2011 to till date.
2. if he left his service on 31st March-2011 (Not continue his service after 31st march 2011) in that case he is not eligible for the payment to bonus.