The Payment of Bonus Amendment Act, 2010 is applicable for the financial year 2011-12. The calculation should be based on 11% of basic instead of 8.33%. Please help. Also, please let me know from when it is applicable?
From India, Bangalore
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1From India, Bangalore
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Can you provide the scanned copy of the said Act? I already have the scanned copy of the proposed bill, which, to my knowledge, has not yet been passed in Parliament and therefore has not been enacted as an Act. However, I may not be updated on this, so please help me out at the earliest.
Regards,
Amitava Majumder
[Phone Number Removed For Privacy Reasons]
From India, Calcutta
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Regards,
Amitava Majumder
[Phone Number Removed For Privacy Reasons]
From India, Calcutta
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DEAR Amitava, FIND ATTACHED PDF OF BONUS ACT AMENDED. SATISH
From India, New Delhi
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From India, New Delhi
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The attachment provided by you is the amended Bill No. 15 that was proposed. Has this been enacted in the Payment of Bonus Act yet? If yes, please do provide the same for the reference of those who are unaware. Thanks!
Regards
From India, Visakhapatnam
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From India, Visakhapatnam
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Mr. Satish is not correct. Only the Amendment Bill was introduced. It is not enacted yet. Hence, as of today, the present status will continue until the amendment takes place.
Regards,
D. Phani Kumar
DGM-HR
Vasavadatta Cement
(A unit of Birla Group of Companies)
Sedam, Gulbarga Dist.
Karnataka.
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Regards,
D. Phani Kumar
DGM-HR
Vasavadatta Cement
(A unit of Birla Group of Companies)
Sedam, Gulbarga Dist.
Karnataka.
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Would we have bonus this year as per the changed rate or it is yet to be passed by Parliament.Please clarify M D Deshmukh
From India, Nasik
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From India, Nasik
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Please send me a copy of the official gazette of the amended Bonus Act 2010, passed by the Parliament, and also inform me from which year the calculation of the 11% bonus would be applicable.
Thanks,
Davinder Pal Sood
From India, Mumbai
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Thanks,
Davinder Pal Sood
From India, Mumbai
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Payment of Bonus Act Amendment[2010] .pdf