Hi, Enclosed is the Amendment for Payment of Bonus Act (2010) This can be of some help to members of Cite-HR. Regards, SanjogK Shared Service Center - HR
From India, Mumbai
Acknowledge(0)
Amend(0)
3From India, Mumbai
Acknowledge(0)Amend(0)
thanks SanjogK..... if any is taking salary say 20000 pm take home then, would he be eligible for bonus... how would be the calculation? please guide.... thanks ajay
From India, Ahmadabad
Acknowledge(0)Amend(0)
From India, Ahmadabad
Acknowledge(0)Amend(0)
Dear All Members,
Please help me out by providing your advice regarding:
1. What does Ceiling Bonus mean and what amount should I consider for calculation?
2. What is meant by set on and set off?
3. Do employees who joined on 16 March 09 and left on 15 April 10 have the right to claim a bonus?
Thanks and regards,
Devidas
From India, Pune
Acknowledge(0)Amend(0)
Please help me out by providing your advice regarding:
1. What does Ceiling Bonus mean and what amount should I consider for calculation?
2. What is meant by set on and set off?
3. Do employees who joined on 16 March 09 and left on 15 April 10 have the right to claim a bonus?
Thanks and regards,
Devidas
From India, Pune
Acknowledge(0)Amend(0)
Dear Devidas,
Ceiling Bonus means if the salary is Rs. 10,000/-, then the bonus amount to be paid is Rs. 3500/-, which is 8.33% of the maximum level to Rs. 3500/-.
Set ON and Set Off are found after calculating from Form A and B.
Yes, the employee has the right to claim the bonus.
Regards,
Arihant
From India, Surat
Acknowledge(0)Amend(0)
Ceiling Bonus means if the salary is Rs. 10,000/-, then the bonus amount to be paid is Rs. 3500/-, which is 8.33% of the maximum level to Rs. 3500/-.
Set ON and Set Off are found after calculating from Form A and B.
Yes, the employee has the right to claim the bonus.
Regards,
Arihant
From India, Surat
Acknowledge(0)Amend(0)
Dear Sanjok ji, The attachment pdf is only a bill put up before parliment please see it on the top of the title. Please attach if you have any Gazett Notification. URGENT. Regards, PBS KUMAR
From India, Kakinada
Acknowledge(0)Amend(0)
From India, Kakinada
Acknowledge(0)Amend(0)
Dear All,
CLARIFICATION
The attached document is a bill and not an act. The current status of the bill, whether it will be presented before Parliament or not, is unknown. Therefore, there is no need to take action on the bill until it becomes an act.
Regards,
Shyam Pandirkar
From India, Mumbai
Acknowledge(0)Amend(0)
CLARIFICATION
The attached document is a bill and not an act. The current status of the bill, whether it will be presented before Parliament or not, is unknown. Therefore, there is no need to take action on the bill until it becomes an act.
Regards,
Shyam Pandirkar
From India, Mumbai
Acknowledge(0)Amend(0)
dear sir, Employees joined on 11 jan 2010 and transfer to other department same company on 23 sep 10, have they rights to claim bonus..?
From India, Kota
Acknowledge(0)Amend(0)
From India, Kota
Acknowledge(0)Amend(0)
Dear Friends,
The post regarding the amendment proposal in the Bonus Act has created confusion among HR professionals. The attachment, as rightly said by one friend in his comments, is only a bill. It has to travel a long way before becoming an act and enforced legislation. People need not act on it. As of the current date, there have been no amendments in the act enforced so far.
Regards,
Anil Kaushik
Chief Editor, Business Manager - HR Magazine
B-138, Ambedkar Nagar, Alwar-301001
Mob: 09829133699
Email: bmalwar@yahoo.com
From India, Delhi
Acknowledge(0)Amend(0)
The post regarding the amendment proposal in the Bonus Act has created confusion among HR professionals. The attachment, as rightly said by one friend in his comments, is only a bill. It has to travel a long way before becoming an act and enforced legislation. People need not act on it. As of the current date, there have been no amendments in the act enforced so far.
Regards,
Anil Kaushik
Chief Editor, Business Manager - HR Magazine
B-138, Ambedkar Nagar, Alwar-301001
Mob: 09829133699
Email: bmalwar@yahoo.com
From India, Delhi
Acknowledge(0)Amend(0)
Dear Member,
Why not? If the employee is working with the same employer, then even if he is transferred to any other department of the same unit, his right to claim a bonus is not going to be affected.
Regards,
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
Why not? If the employee is working with the same employer, then even if he is transferred to any other department of the same unit, his right to claim a bonus is not going to be affected.
Regards,
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
Dear All,
Please tell me how to classify workers as skilled or semi-skilled. Ours is an engineering unit, and mostly lathe workers. We classified them as semi-skilled, but workers say that we are in the skilled category. Please send us some definitions as per labor law. By my definition, skilled workers should have some degree or matrix passed at least. Please help me.
From India, New Delhi
Acknowledge(0)Amend(0)
Please tell me how to classify workers as skilled or semi-skilled. Ours is an engineering unit, and mostly lathe workers. We classified them as semi-skilled, but workers say that we are in the skilled category. Please send us some definitions as per labor law. By my definition, skilled workers should have some degree or matrix passed at least. Please help me.
From India, New Delhi
Acknowledge(0)Amend(0)
Dear Member, It is always better to post your query on similar or separate thread. This thread relates to Payment of Bonus Act. Regards, R N KHOLA
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Hi Friend,
Bonus is applicable when an employee transfers from one department to another department within the same establishment. If an employee has worked for 30 days, then he/she will be eligible for a bonus.
Regards,
Shyam Pandirkar
From India, Mumbai
Acknowledge(0)Amend(0)
Bonus is applicable when an employee transfers from one department to another department within the same establishment. If an employee has worked for 30 days, then he/she will be eligible for a bonus.
Regards,
Shyam Pandirkar
From India, Mumbai
Acknowledge(0)Amend(0)
Dear All Can anybody tell me as and when this amendment will come into force. bcoz we are in a process to disburse bonus for the financial year ended 31st March’2010.
From India, Ludhiana
Acknowledge(0)Amend(0)
From India, Ludhiana
Acknowledge(0)Amend(0)
If a employee salary is 16500 and we employer want to pay bonus on 16500 is it possible to pay on 16500? or paid on only 5000/- as per new amendment.
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Member,
Where is the new amendment?
Regards,
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
Where is the new amendment?
Regards,
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
The minimum bonus payable to an employee is INR 3500 or 8.33%. What about the upper limit or ceiling of INR 10000 on salary? Any employee receiving a salary greater than INR 10000 is not eligible for a bonus. Is the limit of INR 10000 applicable only to the basic salary or to the gross salary as well?
For example, if an employee's basic salary is INR 9500 but their gross salary is INR 50000, are they eligible for the bonus? Similarly, if the basic salary is INR 12000 and the gross salary is INR 20000, is the employee eligible for the bonus?
Taani :)
From India, Gurgaon
Acknowledge(0)Amend(0)
For example, if an employee's basic salary is INR 9500 but their gross salary is INR 50000, are they eligible for the bonus? Similarly, if the basic salary is INR 12000 and the gross salary is INR 20000, is the employee eligible for the bonus?
Taani :)
From India, Gurgaon
Acknowledge(0)Amend(0)
Dear Friend, Above said amendment is not come in act therefore we are not need to act on the same. Shyam Pandirkar
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
If an employee's basic salary is Rs 10,000 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 10,000 or Rs 3,500 only?
If an employee's basic salary is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3,500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Madras
Acknowledge(0)Amend(0)
If an employee's basic salary is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3,500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Madras
Acknowledge(0)Amend(0)
Dear Member,
If there is no addition of any DA and Food allowance in the rate of basic, then your statement is correct, subject to the condition that these employees have worked the whole accounting year and have also drawn full wages.
With Regards,
R.N.Khola
If an employee's Basic is Rs 10,000 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 10,000 or Rs 3500 only? If an employee's Basic is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Delhi
Acknowledge(0)Amend(0)
If there is no addition of any DA and Food allowance in the rate of basic, then your statement is correct, subject to the condition that these employees have worked the whole accounting year and have also drawn full wages.
With Regards,
R.N.Khola
If an employee's Basic is Rs 10,000 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 10,000 or Rs 3500 only? If an employee's Basic is Rs 3,500 per month and 8.33% is declared as a bonus, what is the calculation? Is it Rs 3500 only?
This means both employees get the same amount of bonus. Is this correct?
From India, Delhi
Acknowledge(0)Amend(0)
it totally depends if co. Agreed to pay 8.33% on basic then in first case employee would get 10000/- & if co. Declared to pay 8.33% on 3500/- i.e. Min. Bonus then he would get 3500/- only...........
From India, Gurgaon
Acknowledge(0)Amend(0)
From India, Gurgaon
Acknowledge(0)Amend(0)
if the Organisation is less than five years old are we eligible to pany Bonus to employees?
From India, Verna
Acknowledge(0)Amend(0)
From India, Verna
Acknowledge(0)Amend(0)
Dear Member,
If your establishment is covered under the Payment of Bonus Act, 1965 and is less than five years old, then go through section 16 to determine for which of the accounting years you are required to pay bonuses to eligible employees.
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
If your establishment is covered under the Payment of Bonus Act, 1965 and is less than five years old, then go through section 16 to determine for which of the accounting years you are required to pay bonuses to eligible employees.
R.N.Khola
From India, Delhi
Acknowledge(0)Amend(0)
Dear All, Where is the new amendment of Bonus. If any one have notification then share same.
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Kindly follow the discussion before you put up your query. WHAT YOU ARE ASKING is what is being discussed here. Regards.
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear , This is a proposal forwarded in the shape of bill and it will take a long time to be an act. Regards, Kishore
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Yes, this is now confirmed that there is no change in the Payment of Bonus Act regarding the hike in ceiling rate and percentage.
Pawan Kumar Agrahari Sr. Executive-HR Shree Baidyanath Ayurved Bhawan Pvt. Ltd. Naini, Allahabad.
From India, Delhi
Acknowledge(0)Amend(0)
Pawan Kumar Agrahari Sr. Executive-HR Shree Baidyanath Ayurved Bhawan Pvt. Ltd. Naini, Allahabad.
From India, Delhi
Acknowledge(0)Amend(0)
Hi, Please provide me notification for applicability for constructions workers working at site. Regards Shyam
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
sir please request me aap mughe loubre bonas ke rula bataye kyoki cement ke plant me bonas aur pyment pura nahi mil raha h
From India, Beawar
Acknowledge(0)Amend(0)
From India, Beawar
Acknowledge(0)Amend(0)
I got probation on 13/06/2016, and bonus deductions started. I received confirmation on 13/12/2016, and I resigned from my job on 03/08/2017. Therefore, my previous employer gave me a bonus for the period from June 2016 to March 2017, with the remainder expected in September or October 2017. Since I resigned, is the employer required to provide me with all deductions in the full and final settlement?
I hope this helps! Let me know if you have any other questions.
From India, Chennai
Acknowledge(0)Amend(0)
I hope this helps! Let me know if you have any other questions.
From India, Chennai
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Amendment to Payment of Bonus Act 2015.jpg
Payment of Bonus Act Amendment.pdf