Payment Of Bonus Act Amendment Bill - 2010 - PDF Download

Payment of Bonus Act Amendment Bill for your information.

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Thank you for providing this update on the Payment of Bonus Act Amendment Bill. It is important for us to stay informed about changes in legislation that may impact our organization. I will review the details of the amendment to understand how it may affect our bonus payment processes. If you have any additional information or insights on this topic, please feel free to share them.

Hi,

It is only the bill for proposed amendments to the ceiling limit, eligibility, and the percentage of bonus. The amendment is yet to be done.

Regards,
Gurukiran

Kumar Sir,

Sir, I have seen the attached file (Payment of Bonus Act Amendment Bill - 2010) sent by you. Thank you for this useful information. Sir, is this Bill promulgated by the Parliament/President of India? If you know, kindly post it.

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Hi,

The gazette notification is yet to be published. Until then, there are no changes to be made.

Regards,
Gurukiran

Dear H.R. Friends,

A lot of confusion is being created in society regarding the amendment to the bonus act. Some individuals are of the opinion that it came into force from 1.10.2010.

We would like to clarify that so far, no bill has been presented by the central government regarding the Bonus Act. However, a private bill was introduced in March 2010. Until it is passed, no amendments to the Bonus Act can be made.

S.L. Dwivedi Associate Editor Current Labour Reports

S.L. Dwivedi
Associate Editor
Current Labour Reports

Dear friends,

The Payment of Bonus Amendment Bill currently being circulated is a private bill. The government has not introduced any bill regarding an amendment to bonuses.

S.L. Dwivedi

I understand that this bill has not been tabled in either house of Parliament. However, there are news reports that a bill has been passed by the Rajya Sabha and is to be passed by the Lok Sabha before the President gives his assent.

Hi professional friends,

Has this bill been passed? If so, could you please provide a copy of the official gazette/notification from the Government of India.

Dear All,

Can anyone suggest whether the 11% is in force or still pending? What is the status and effect of the Payment of Bonus (Amendment) Bill 2010 attached? Presently, we are calculating the bonus at 8.33% now. It could be very helpful if anyone confirms in detail about 8.33% or 11% which will be correct to pay for the current year starting from 01 Oct 2009 to 30 Sep 2010. (Tirupur, Tamilnadu)

Thanks & Regards,

Muthukumar PS

Can any of the esteemed professional colleagues answer whether contract workers engaged by a manufacturing unit through a labor contractor are eligible for the payment of a bonus? Kindly comment.

Dear Sir,

I am drawing Rs. 30K per month. Am I eligible for a bonus as per the Payment of Bonus Act 2010 (Amendment)? If I am eligible, to what extent?

Regards,
DK

Dear DK,

Where is the amendment of 2010 in the Payment of Bonus Act, 1965?

Regards,
R.N.Khola

dear sir,

I am drawing Rs. 30K + PM. Am I eligible for a bonus as per the Payment of Bonus Act 2010 (Amend)? And if I am eligible, to what extent?

Regards,
dk

Dear HR Professionals,

The proposal for changes is in the Bill stage. There should not be confusion in the minds of HR professionals. As of today, there is no change. If the Bill is passed by both Houses in the next session of Parliament and thereafter Presidential assent is given and then notified, it will change the bonus rates.

With Regards,

Advocates & Notaries & Legal Consultants [HR]

E-mail: rajanassociates@eth.net

Mobile: 9025792684.

Dear VS Rajan Associates,

Thank you for your kind reply. I have checked with the labor department officers, and they have confirmed what you said.

Regards,
Thendralava

Sir,

I was working with a 54-year-old company until April 2010. When I asked for my bonus for the year 2009-2010, I was told that I am not eligible for the bonus as my basic salary is above Rs. 10,000. If that is the case, how did I receive bonuses in earlier years? Is there a clause stating that bonuses are not payable to employees who have resigned from the company?

Please provide me with an update.

Thanks & Regards,
Nandan Khamkar
Email: nandan.khamkar@gmail.com

Hi Ravi Mudaliar,

Thank you for your message. Kumar, you have sent a notification of the new bonus structure. Mr. Kumar, may I know whether this notification has been published in the Gazette or not? Please inform me.

Thanks,
RAVI MUDALIAR

Dear members,

Could anyone please describe to me the bonus criteria that are followed by companies in Maharashtra?

Thank you.

Dear members,

Can anyone describe the bonus criteria followed by companies in Maharashtra? Thank you.

There was a proposal to amend the Act, and accordingly, a bill was proposed in 2010. However, it has not been approved by the Parliament yet. Can this be implemented? As per our P&A department information, it is clarified that it can be implemented only after the Official Gazette is declared. Until then, the existing provisions are the only ones applicable.

Can anyone confirm?

Dean Jones

Hi, I want to know about overtime. How many hours can one do overtime, and what are the limitations in Maharashtra?

Hi,

We consider Basic + DA for calculating bonuses for worker category employees. For Officer category employees, should we consider Basic + FS allowance for bonus calculation?

Please guide.

Chitte MS.