Hi Members,
I am looking out for official notification in respect of the below mentioned amendment- Kindly help. In some news papers the implementation date is said to be 1st April 2015, Is it correct.?
"The Union Cabinet chaired by Prime Minister Narendra Modi on 21 October 2015 approved amendment in the Payment of Bonus Act 1965 for the Industrial workers.
According to the decision
• The bonus ceiling under the legislation was increased from 3500 rupees to 7000 rupees per month.
• The wage ceiling for getting bonus has also been increased from existing 10000 rupees per month to 21000 rupees per month.
The decision will make workers eligible for the reward. The amendment bill concerning this will be tabled in the winter session of Parliament likely to start in November 2015.
The amendment in the Act to increase wage ceiling and maximum amount of bonus was one of assurances given by the Union Government after 10 Central Trade Unions went on one-day strike.
From India, Vadodara
365I am looking out for official notification in respect of the below mentioned amendment- Kindly help. In some news papers the implementation date is said to be 1st April 2015, Is it correct.?
"The Union Cabinet chaired by Prime Minister Narendra Modi on 21 October 2015 approved amendment in the Payment of Bonus Act 1965 for the Industrial workers.
According to the decision
• The bonus ceiling under the legislation was increased from 3500 rupees to 7000 rupees per month.
• The wage ceiling for getting bonus has also been increased from existing 10000 rupees per month to 21000 rupees per month.
The decision will make workers eligible for the reward. The amendment bill concerning this will be tabled in the winter session of Parliament likely to start in November 2015.
The amendment in the Act to increase wage ceiling and maximum amount of bonus was one of assurances given by the Union Government after 10 Central Trade Unions went on one-day strike.
From India, Vadodara
Dear Mr. Bijay,
The official notifiation is awaited . As a matter of fact , country like ours its time consuming and long procedures ( passing of the cabinet approval in both houses of parliament ,subsequently President Assent and then publication of official Gazette Notification) .
Till time , you should not go after the news article , pulished very recently . Till time , pls follow the existing bonus payment provisions under the payment of Bonus Act,1965 / Rules.
Still not convinced , you may get in touch with me.
Anil Sharma
Cell : 9619186855
From India, Pune
The official notifiation is awaited . As a matter of fact , country like ours its time consuming and long procedures ( passing of the cabinet approval in both houses of parliament ,subsequently President Assent and then publication of official Gazette Notification) .
Till time , you should not go after the news article , pulished very recently . Till time , pls follow the existing bonus payment provisions under the payment of Bonus Act,1965 / Rules.
Still not convinced , you may get in touch with me.
Anil Sharma
Cell : 9619186855
From India, Pune
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Bonus act amendment gazette copy.pdf
Kerala High Court Stay_ Payment of Bonus (Act) Amendment.jpg