Dear Seniors,
I've heard that there is a cap of maximum 10000/- on Basic+DA for eligibility for bonus, but couldnt find it in the Act.
Is it still applicable?
If yes can you guide me where to find it in the Act.
Thanks & Regards
Sharon D'Souza
From India, Mumbai
I've heard that there is a cap of maximum 10000/- on Basic+DA for eligibility for bonus, but couldnt find it in the Act.
Is it still applicable?
If yes can you guide me where to find it in the Act.
Thanks & Regards
Sharon D'Souza
From India, Mumbai
Dear Sharon,
Yes the cap is still applicable, but there is a proposal to rise it to 15,000. In this regards there is a bill, but it is yet to be amended in the bonus act.
The amendment in the Bonus act is enclosed
S.Sethupathy
From India, Coimbatore
54Yes the cap is still applicable, but there is a proposal to rise it to 15,000. In this regards there is a bill, but it is yet to be amended in the bonus act.
The amendment in the Bonus act is enclosed
S.Sethupathy
From India, Coimbatore
Dear sir, Yes you are absoluly right the applicability of bonus payment is 10k(basic+da) sumit
From India, Ghaziabad
From India, Ghaziabad
Dear Sir, Is any construction company engaged in hydro construction eligible for bonus. Regagds, Sandeep Thakur
From India, Delhi
From India, Delhi
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BONUS CEILING LIMIT APPROVED.pdf
Amendment to Payment of Bonus Act 2015.jpg