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

From India, Delhi
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Dear Surya, I am little troubling you. Can you scan that page and attached with this file. regs, Bhushan Dahanukar
From India, Mumbai
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can any 1 plz lemme knw 4m whn will d new ceiling b applicable. is it applicable 4 2006-07?
From India, Calcutta
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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

From India, Delhi
Attached Files (Download Requires Membership)
File Type: doc amendment_in_the_payment_of_bonus_act_1965_898.doc (20.0 KB, 1189 views)

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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.

From India, Madras
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Hi Vikram,

This is just a bill or a proposal. Unless it is passed in 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.

From India, Mumbai
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