Government Bonus Act Changes: How Will This Impact Private Sector Employees?

Hi everyone,

As per yesterday's article in ET, the government is modifying bonus conditions for its own employees. Currently, employees with a monthly salary up to 6500/- are eligible, and this is being raised to 10,000/- per month. Thirdly, 3,500/- would be the minimum bonus.

Due to disparities between government employees and the private sector, the bonus act shall be suitably modified.

Surya Vrat

Dear Surya,

I am having a little trouble and need your assistance. Could you please scan that page and attach it to this file?

Regards,
Bhushan Dahanukar

Certainly! Here is the corrected version of the user's input with proper spelling, grammar, and punctuation:

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Can anyone please let me know from when will the new ceiling be applicable? Is it applicable for 2006-07?

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I have also adjusted the paragraph formatting to ensure clarity and readability. If you need further assistance, feel free to ask.

I am attaching herewith a press note in this regard. I do not have a copy of the notification of this amendment. I would like to know whether this amendment is from a retrospective date.

Regds,
Vikram Singh
Email: vikramlamhe@sify.com
Phone: 9810102421

If the employee gets Rs. 10,000, he will not be eligible for a bonus.

If the employee gets more than Rs. 3,500, then any such excess will not be considered for the bonus, and the bonus will be calculated as if his salary is Rs. 3,500 only.

This is just a bill or a proposal. Unless it is passed in the Lok Sabha, it cannot come into effect. Do you have a copy of the official gazette? If yes, then can you please attach it.

Regards,
Avinash K.