How Does the Revised Payment of Bonus Act Affect Employees Earning Under 10k?

The Payment of Bonus Act has been revised. The official notification is attached. All employees with a basic salary of less than 10k per month are now covered under this.

Hi,

Thank you for the information provided. Could you please tell me where the notification is available online on the Ministry of Law website?

Thanks in advance.

Hi,

I have a question regarding this act.

Q: What can be included in a Basic Salary? (e.g., can any other fixed pay, like special allowances, be included with the same or not?)

Please reply.

Regards,

Amit Bhatia

Dear Sir,

Wages or salary means basic wage, Dearness Allowance (DA), and food allowance or food value.

Regards,

R N Khola
Sr. Associate
Skylark Associates
Gurgaon

Wages under the Payment of Bonus Act, i.e., Rs. 10,000 for coverage under the Act. Whether the wages are Basic or Gross Wages.

Dear,

As I have already mentioned, wages or salary refer to basic wage, D A, and food allowance or food value. Gross wages should not be considered under this Act.

Regards,
R.N.Khola
Skylark Associates, Gurgaon (Haryana)
(Labour Law & Legal Consultants)
09810405361

Dear Seniors,

I would like to know more about Service Compensation with regards to the IT industry.

1) Is service compensation applicable to the employees in an IT firm?
2) If yes, who would be eligible?
3) How is Service Compensation calculated?

Thanks & Regards,
Venkat

Dear Venkat,

This thread relates to the Payment of Bonus Act; therefore, it will be better if you post your query on a separate or similar thread.

Regards,
R N Khola

Dear Moderator,

If the employer declares a bonus/ex-gratia for the performance in the previous year 2009-10, is any employee who has left the organization in this year 2010-11 eligible for the ex-gratia declared? Can anybody clarify?

Email: vvvraman@rediffmail.com