AMENDMENT TO THE PAYMENT OF BONUS ACT, 1965
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14:45 IST
The Cabinet in its meeting held on October 1, 2007 has 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 to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of to per month, and;
iii) Deletion of section 32(vi): To cover the employees employed through contractors on building operations .
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SH/CS
http://pib.nic.in/release/release.asp?relid=31572
From India, Coimbatore
772--------------------------------------------------------------------------------
14:45 IST
The Cabinet in its meeting held on October 1, 2007 has 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 to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of to 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
From India, Coimbatore
Dear sir, Can you please let me know whether this amendment effects from the FN 2006 - 07 or 2007 - 08. Regards Helen :roll:
Hi,
I would like to ask that regarding this payment of bonus act. Will I get this bonus if my basic salary was less then 10000 Rs. in 2008-2009. If yes, then when will generaly this bonus has been relised...... boz 2008-2009 financial year has been end......
Ronit
From Canada, Waterloo
I would like to ask that regarding this payment of bonus act. Will I get this bonus if my basic salary was less then 10000 Rs. in 2008-2009. If yes, then when will generaly this bonus has been relised...... boz 2008-2009 financial year has been end......
Ronit
From Canada, Waterloo
PUBLIC NOTICE
Department of Labour
Government of Maharashtra
Maharashtra mandates payment of bonus only through cheques/banks
The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account only.
The 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 facility.
In case of any concerns please contact local labour office.
Commissioner of Labour
Maharashtra State
DGIPR/2010-11/1446
From India, Mumbai
Department of Labour
Government of Maharashtra
Maharashtra mandates payment of bonus only through cheques/banks
The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account only.
The 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 facility.
In case of any concerns please contact local labour office.
Commissioner of Labour
Maharashtra State
DGIPR/2010-11/1446
From India, Mumbai
i am aware of the minimum bonus is 8.33% & ealigibility is 3500-10000
but i am confused that the maximum limit of 10000/- whether it is total gross/earnings or basic salary or basic+conveyance
if possible please send me the act copy of the same.
From India, New Delhi
but i am confused that the maximum limit of 10000/- whether it is total gross/earnings or basic salary or basic+conveyance
if possible please send me the act copy of the same.
From India, New Delhi
Hi, this is Bipin from Nirma Groups. I want to know which books or authors are well-known in the market and which I should study in order to get completely in touch by reading those books. Please refer me as early as possible based on your opinions.
From India, Ahmedabad
From India, Ahmedabad
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