Hi Every One there are some amendments in Bonus Act of AP & TS you can find below
1) The payment of bonus(Amendment)bill 2015 is to enhance the monthly bonus calculation ceiling to Rs7,000 per month from 3,500.
2) Bill also seeks eligibility limit for payment of bonus from the salary or wage of an employee from Rs10,000 per month to Rs21,000
3) Bonus is calculated on the basis of the employees salary & profits of establishment.
4) 8.33% minimum,20% maximum is calculated.
5) Minimum bonus Rs7,000 for the employees drawing below 21,000.
6) Bonus payment time is 8months i.e 30th November.
7) Minimum bonus to be paid is Rs7,000 or the ,minimum wage is the scheduled employement which ever is higher.
For example :
Minimum bonus is Rs7,000, If the minimum wage is Rs8,000.
In such case bonus of Rs8,000 have to be paid.
8) Can Govt. pass an act with retrospective effect from 1st April 2014, now the employers want to challenge the amendment before the high court.
1) The payment of bonus(Amendment)bill 2015 is to enhance the monthly bonus calculation ceiling to Rs7,000 per month from 3,500.
2) Bill also seeks eligibility limit for payment of bonus from the salary or wage of an employee from Rs10,000 per month to Rs21,000
3) Bonus is calculated on the basis of the employees salary & profits of establishment.
4) 8.33% minimum,20% maximum is calculated.
5) Minimum bonus Rs7,000 for the employees drawing below 21,000.
6) Bonus payment time is 8months i.e 30th November.
7) Minimum bonus to be paid is Rs7,000 or the ,minimum wage is the scheduled employement which ever is higher.
For example :
Minimum bonus is Rs7,000, If the minimum wage is Rs8,000.
In such case bonus of Rs8,000 have to be paid.
8) Can Govt. pass an act with retrospective effect from 1st April 2014, now the employers want to challenge the amendment before the high court.