AMENDMENT TO THE PAYMENT OF BONUS ACT, 1965
--------------------------------------------------------------------------------
14:45 IST
The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:-
i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of to per month, and;
iii) Deletion of section 32(vi): To cover the employees employed through contractors on building operations .
* * *
SH/CS
http://pib.nic.in/release/release.asp?relid=31572
--------------------------------------------------------------------------------
14:45 IST
The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:-
i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of to per month, and;
iii) Deletion of section 32(vi): To cover the employees employed through contractors on building operations .
* * *
SH/CS
http://pib.nic.in/release/release.asp?relid=31572