Hi,
I have a problem regarding the new amendment of the Bonus Act 1965, Section 2(13) 12. Section 12 pertains to the ceiling for calculation purposes. It has now been raised to Rs 3,500/- per month. My question is, what amount will be calculated for amounts above Rs 3,500/-? Is it the total amount he gains, or only Rs 3,500/-? This is very urgent. If anyone knows about this, please email me.
From India, New Delhi
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I have a problem regarding the new amendment of the Bonus Act 1965, Section 2(13) 12. Section 12 pertains to the ceiling for calculation purposes. It has now been raised to Rs 3,500/- per month. My question is, what amount will be calculated for amounts above Rs 3,500/-? Is it the total amount he gains, or only Rs 3,500/-? This is very urgent. If anyone knows about this, please email me.
From India, New Delhi
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ceiling limit is rised up till 10,000/- above then are not compulsorily eligible for bonus, and if you were paid bonus to above then any personnel, then you can not break the chain..........
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Thank you for your response. The main issue is that it is very harmful to all employees who have a basic DA below Rs 10,000. This is because it will be calculated as Rs. 3500 only. This means that employees who receive a basic salary plus DA exceeding 3500 but below 10,000 will only take home 8600. Am I right? If this is true, it will result in a significant loss for them.
From India, New Delhi
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From India, New Delhi
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Bonus act amendment gazette copy.pdf
Kerala High Court Stay_ Payment of Bonus (Act) Amendment.jpg