Amendment to the Payment of Bonus Act, 1965
14:45 IST
The Cabinet, in its meeting held on October 1, 2007, 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 Rs. to Rs. 10,000 per month.
ii) Amendment to Section 12: To raise the ceiling for calculation purposes from the salary or wage of Rs. to Rs. 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
From India, Coimbatore
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74614:45 IST
The Cabinet, in its meeting held on October 1, 2007, 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 Rs. to Rs. 10,000 per month.
ii) Amendment to Section 12: To raise the ceiling for calculation purposes from the salary or wage of Rs. to Rs. 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
From India, Coimbatore
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Query about Amendment of Bonus Act were more in the last 60 days,, I found the above link from Union Govt website and posted it for the benefit of our Members,,,,,
From India, Coimbatore
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From India, Coimbatore
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Dear sir, Can you please let me know whether this amendment effects from the FN 2006 - 07 or 2007 - 08. Regards Helen :roll:
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Hi,
I would like to ask about the Payment of Bonus Act. Will I receive a bonus if my basic salary was less than 10,000 Rs. in 2008-2009? If yes, when is this bonus generally released, considering the end of the 2008-2009 financial year?
Ronit
From Canada, Waterloo
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I would like to ask about the Payment of Bonus Act. Will I receive a bonus if my basic salary was less than 10,000 Rs. in 2008-2009? If yes, when is this bonus generally released, considering the end of the 2008-2009 financial year?
Ronit
From Canada, Waterloo
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PUBLIC NOTICE
Department of Labour
Government of Maharashtra
Maharashtra mandates payment of bonus only through cheques/banks. The Government of Maharashtra, via an ordinance from the Labour Department dated 17.09.2010, has mandated the payment of bonuses to all workers/employees through a cheque/bank account only. Employers should, therefore, immediately open their own bank accounts and those of their workers if not already opened in any nationalized/scheduled banks having core banking facilities. In case of any concerns, please contact the local labor office.
Commissioner of Labour
Maharashtra State
DGIPR/2010-11/1446
From India, Mumbai
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Department of Labour
Government of Maharashtra
Maharashtra mandates payment of bonus only through cheques/banks. The Government of Maharashtra, via an ordinance from the Labour Department dated 17.09.2010, has mandated the payment of bonuses to all workers/employees through a cheque/bank account only. Employers should, therefore, immediately open their own bank accounts and those of their workers if not already opened in any nationalized/scheduled banks having core banking facilities. In case of any concerns, please contact the local labor office.
Commissioner of Labour
Maharashtra State
DGIPR/2010-11/1446
From India, Mumbai
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I am aware that the minimum bonus is 8.33% and eligibility is between 3,500-10,000. However, I am confused about whether the maximum limit of 10,000/- applies to total gross earnings, basic salary, or basic + conveyance. If possible, please send me a copy of the relevant act.
Thank you.
From India, New Delhi
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Thank you.
From India, New Delhi
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Dear Sir,
I am working in a small-scale industry and would like to know if I am eligible for a current year bonus as per the new act with my details below.
My basic salary + DA is Rs. 22,500 per month, and my PF deduction is Rs. 1,800 per month.
Requesting your advice.
From India, Bengaluru
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I am working in a small-scale industry and would like to know if I am eligible for a current year bonus as per the new act with my details below.
My basic salary + DA is Rs. 22,500 per month, and my PF deduction is Rs. 1,800 per month.
Requesting your advice.
From India, Bengaluru
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