Dear All,
Govt. has proposal to amend the Payment of Bonus Act , 1965.
· Increase eligibility criteria (wages limit ) to Rs.15 000/- from existing Rs. 10 000/-
· Minimum percentage of bonus will be 11% instead of existing 8.33%
· Rs. 5000/-as salary instead of existing Rs. 3500/ for the purpose of calculations
Thanks
Bala Panmand
From India, Mumbai
5Govt. has proposal to amend the Payment of Bonus Act , 1965.
· Increase eligibility criteria (wages limit ) to Rs.15 000/- from existing Rs. 10 000/-
· Minimum percentage of bonus will be 11% instead of existing 8.33%
· Rs. 5000/-as salary instead of existing Rs. 3500/ for the purpose of calculations
Thanks
Bala Panmand
From India, Mumbai
Hi madhura, Pease find attached herewith thesame for your kind information. Thanking you. Bala Panmand
From India, Mumbai
From India, Mumbai
Hi Bala,
This is just bill, which is yet to be passed. It is just proposal, unless it is passed in Lok Sabha, it can not come into effect. Do you have copy of official gazzet, if yes, then can you please attach it.
Regards,
Avinash K.
From India, Mumbai
This is just bill, which is yet to be passed. It is just proposal, unless it is passed in Lok Sabha, it can not come into effect. Do you have copy of official gazzet, if yes, then can you please attach it.
Regards,
Avinash K.
From India, Mumbai
CLARIFICATION
Based upon the Notification, as published in Gazette of India , dt.5-3-2010, Pt. II-S.II Ext. P59 (No.3), above attached bill is only a Bill and not an Act. No-one knows about the fate of the Bill – whether or not it will be presented before the Parliament? Hence there is no need for acting upon the said Bill till it becomes an Act.
Regards
Shyam Pandirkar
From India, Mumbai
Based upon the Notification, as published in Gazette of India , dt.5-3-2010, Pt. II-S.II Ext. P59 (No.3), above attached bill is only a Bill and not an Act. No-one knows about the fate of the Bill – whether or not it will be presented before the Parliament? Hence there is no need for acting upon the said Bill till it becomes an Act.
Regards
Shyam Pandirkar
From India, Mumbai
This is just an Amendment Bill. When a bill is passed by both houses of Parliament, then it bacomes Act and accordingly it is notified in official Gazette mentioning the date of enforcement of the same. Till time , please wait .
Thanks,
Anil Sharma
Sr. Manager- HR
From India, Mumbai
Thanks,
Anil Sharma
Sr. Manager- HR
From India, Mumbai
i dont knw why there is so much of conversation on the issue that it is a bill only and is still to be passed frm government though the same has been posted by the threader itself that it is only a proposal............
From India, Calcutta
From India, Calcutta
I am totally agree with you. This bill is of march 2010 This bill is passed or not ? Nothing to do at this stage! just wait for further news ! Regards, VKSHAH
From India, Ahmadabad
From India, Ahmadabad
What about bonus amendement bill
Govt. has proposal to amend the Payment of Bonus Act , 1965.
· Increase eligibility criteria (wages limit ) to Rs.15 000/- from existing Rs. 10 000/-
· Minimum percentage of bonus will be 11% instead of existing 8.33%
· Rs. 5000/-as salary instead of existing Rs. 3500/ for the purpose of calculation
whether or not it will be presented before the Parliament?
From India, Vivek Vihar
Govt. has proposal to amend the Payment of Bonus Act , 1965.
· Increase eligibility criteria (wages limit ) to Rs.15 000/- from existing Rs. 10 000/-
· Minimum percentage of bonus will be 11% instead of existing 8.33%
· Rs. 5000/-as salary instead of existing Rs. 3500/ for the purpose of calculation
whether or not it will be presented before the Parliament?
From India, Vivek Vihar
Dear Seniors,
Kindly let me know the latest amendment in Bonus act Increase eligibility criteria (wages limit ) to Rs.15 000/- from existing Rs. 10 000/-
· Minimum percentage of bonus will be 11% instead of existing 8.33%
· Rs. 5000/-as salary instead of existing Rs. 3500/ for the purpose of calculation.
IT's still bill or become act?
Kindly clear my doubt
Thanks & regards,
From India, Ambala
Kindly let me know the latest amendment in Bonus act Increase eligibility criteria (wages limit ) to Rs.15 000/- from existing Rs. 10 000/-
· Minimum percentage of bonus will be 11% instead of existing 8.33%
· Rs. 5000/-as salary instead of existing Rs. 3500/ for the purpose of calculation.
IT's still bill or become act?
Kindly clear my doubt
Thanks & regards,
From India, Ambala
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf