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Hi, It is only the bill for propose to amend the ceiling limit, eligibility & the percentage of Bonus. Amendment is yet to be done. Rgds/Gurukiran
From India, Pune
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From India, Pune
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Sir, I have seen the attached file (Payment of Bonus Act Amendment Bill - 2010) sent by you. Thank you for this useful information. Sir, is this Bill promulgated by the Parliament/President of India? If you know, kindly post it.
Regards,
[Email Removed For Privacy Reasons]
From India, Mumbai
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Regards,
[Email Removed For Privacy Reasons]
From India, Mumbai
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Hi, Gazette notification is yet to be published. Until then there is no changes to be done. Rgds/Gurukiran
From India, Pune
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From India, Pune
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Dear H.R. Friends,
A lot of confusion is being created in society regarding the amendment to the bonus act. Some individuals are of the opinion that it came into force from 1.10.2010.
We would like to clarify that so far, no bill has been presented by the central government regarding the Bonus Act. However, a private bill was introduced in March 2010. Until it is passed, no amendments to the Bonus Act can be made.
S.L. Dwivedi Associate Editor Current Labour Reports
From India, Mumbai
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A lot of confusion is being created in society regarding the amendment to the bonus act. Some individuals are of the opinion that it came into force from 1.10.2010.
We would like to clarify that so far, no bill has been presented by the central government regarding the Bonus Act. However, a private bill was introduced in March 2010. Until it is passed, no amendments to the Bonus Act can be made.
S.L. Dwivedi Associate Editor Current Labour Reports
From India, Mumbai
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Clarification on the Payment of Bonus Amendment Bill
The Payment of Bonus Amendment Bill currently being circulated is a private bill. The government has not introduced any bill regarding an amendment to bonuses.
Regards,
S.L. Dwivedi
Associate Editor
Current Labour Reports
From India, Mumbai
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The Payment of Bonus Amendment Bill currently being circulated is a private bill. The government has not introduced any bill regarding an amendment to bonuses.
Regards,
S.L. Dwivedi
Associate Editor
Current Labour Reports
From India, Mumbai
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I understand that this bill has not been tabled in either house of Parliament. However, there are news reports that a bill has been passed by the Rajya Sabha and is to be passed by the Lok Sabha before the President gives his assent.
From India, Madras
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From India, Madras
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hi professional friends is this bill passed?? if so can you please provide a copy of the official gazette/notification from govt. of india.
From India, Visakhapatnam
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From India, Visakhapatnam
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Dear All,
Can anyone suggest whether the 11% is in force or still pending? What is the status and effect of the Payment of Bonus (Amendment) Bill 2010 attached? Presently, we are calculating the bonus at 8.33% now. It could be very helpful if anyone confirms in detail about 8.33% or 11% which will be correct to pay for the current year starting from 01 Oct 2009 to 30 Sep 2010. (Tirupur, Tamilnadu)
Thanks & Regards,
Muthukumar PS
From India, Coimbatore
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Can anyone suggest whether the 11% is in force or still pending? What is the status and effect of the Payment of Bonus (Amendment) Bill 2010 attached? Presently, we are calculating the bonus at 8.33% now. It could be very helpful if anyone confirms in detail about 8.33% or 11% which will be correct to pay for the current year starting from 01 Oct 2009 to 30 Sep 2010. (Tirupur, Tamilnadu)
Thanks & Regards,
Muthukumar PS
From India, Coimbatore
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Can any of the esteemed professional colleagues answer whether contract workers engaged by a manufacturing unit through a labor contractor eligible for the payment of bonus. Kindly do comment.
From India, Bangalore
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From India, Bangalore
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dear sir, I drawing Rs. 30K + PM. Am I eligible for bonus as per payment of bonus Act 2010 (Amend)? And if I eligible than to how much extent. regards dk
From India, Guwahati
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From India, Guwahati
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Dear DK, where is the amendment of 2010 in the Payment of Bonus Act, 1965?
Regards,
R.N.Khola
Eligibility for Bonus under the Payment of Bonus Act 2010 (Amendment)
Dear Sir, I am drawing Rs. 30K + PM. Am I eligible for a bonus as per the Payment of Bonus Act 2010 (Amendment)? And if I am eligible, to what extent?
Regards,
DK
From India, Delhi
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Regards,
R.N.Khola
Eligibility for Bonus under the Payment of Bonus Act 2010 (Amendment)
Dear Sir, I am drawing Rs. 30K + PM. Am I eligible for a bonus as per the Payment of Bonus Act 2010 (Amendment)? And if I am eligible, to what extent?
Regards,
DK
From India, Delhi
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Dear HR Professionals,
The proposal for changes is in the Bill stage. There should not be confusion in the minds of HR professionals. As of today, there is no change. If the Bill is passed by both Houses in the next session of Parliament and thereafter Presidential assent is given and then notified, it will change the bonus rates.
With Regards,
Advocates & Notaries & Legal Consultants [HR]
E-mail: rajanassociates@eth.net
Mobile: 9025792684.
From India, Bangalore
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The proposal for changes is in the Bill stage. There should not be confusion in the minds of HR professionals. As of today, there is no change. If the Bill is passed by both Houses in the next session of Parliament and thereafter Presidential assent is given and then notified, it will change the bonus rates.
With Regards,
Advocates & Notaries & Legal Consultants [HR]
E-mail: rajanassociates@eth.net
Mobile: 9025792684.
From India, Bangalore
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dear VS Rajan Associates, thanks for u r kind reply the same i have checked with labour department officers and they have confirmed as u said. regards thendralava
From India, Coimbatore
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From India, Coimbatore
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Sir,
I was working with a 54-year-old company until April 2010. When I asked for my bonus for the year 2009-2010, I was told that I am not eligible for the bonus as my basic salary is above Rs. 10,000. If that is the case, how did I receive bonuses in earlier years? Is there a clause stating that bonuses are not payable to employees who have resigned from the company?
Please provide me with an update.
Thanks & Regards,
Nandan Khamkar
Email: nandan.khamkar@gmail.com
From India, Mumbai
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I was working with a 54-year-old company until April 2010. When I asked for my bonus for the year 2009-2010, I was told that I am not eligible for the bonus as my basic salary is above Rs. 10,000. If that is the case, how did I receive bonuses in earlier years? Is there a clause stating that bonuses are not payable to employees who have resigned from the company?
Please provide me with an update.
Thanks & Regards,
Nandan Khamkar
Email: nandan.khamkar@gmail.com
From India, Mumbai
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Thanks! kumar you have sent notification of new bonus structure. And Mr. Kumar May know whether this notification have published in Gazzette or not? please inform Thanks RAVI MUDALIAR
From India, Ahmadabad
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From India, Ahmadabad
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Dear members. Any one can describe me about bonus criteria which is following by Maharastra and companies in maharastra
From India, Chennai
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From India, Chennai
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Dear members. Any one can describe me about bonus criteria which is following by Maharastra and companies in maharastra
From India, Chennai
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From India, Chennai
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There was a proposal to amend the Act, and accordingly, a bill was proposed in 2010. However, it has not been approved by the Parliament yet. Can this be implemented? As per our P&A department information, it is clarified that it can be implemented only after the Official Gazette is declared. Until then, the existing provisions are the only ones applicable.
Can anyone confirm?
Regards,
Dean Jones
From India, Hyderabad
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Can anyone confirm?
Regards,
Dean Jones
From India, Hyderabad
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Amendment to Payment of Bonus Act 2015.jpg
Payment of Bonus Amendment Bill, 2015.pdf