I am a little bit confused regarding the Payment of Bonus Act 1965. According to that, the minimum bonus payable is 8.33%. However, there has been a recent amendment stating that the minimum bonus payable is now 11%. Please guide me, it's urgent.
Awaiting your response.
With Regards,
Vineet Deshmukh
From India, Yavatmal
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25Awaiting your response.
With Regards,
Vineet Deshmukh
From India, Yavatmal
Acknowledge(0)Amend(0)
Bonus Act is not yet amended. See various discussions on this topic. It is still the same. The Bill is not yet passed in Parliament.
From India, Madras
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From India, Madras
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Amendment to Payment of Bonus Act 2015.jpg
Payment of Bonus Act Amendment.pdf