What the Bonus Act Amendment states? Need Clear idea about all the amendments of Bonus Act,1965,1975 etc
From India, Hyderabad
From India, Hyderabad
Dear Bharathibadar,
Your query is not specific and it is very vague. What amendment(s) in Bonus Act you are looking for?
This Act of 1965 is amendmented several times in the past. Why you need all the amendments now? You need to focus on the current law.
In this forum there are several discussions on current law on Bonus. Latest gazetted notification is on filing the return online which is also available here if you search.
The major amendments in this Act were there in 1985,1995 and in 2007 enhancing eligible salary limit and ceiling limit for calculation of bonus as under, ever-since the law was enacted in 1965 as under:
Year / salary limit / ceiling limit
1965 / 1600 / 750
1985 / 2500 / 1600
1995 / 3500 / 2500
2007 / 1000/ 3500
By amendment of 2007, the construction employees engaged by contractors are also covered under the POB Act effective from 01.04.2006.
The Govt. of Maharashtra vide its ordinance dated 17.09.2010 has mandated payment of bonus through cheque / bank account only. I do not know about other States.
From India, Mumbai
2556Your query is not specific and it is very vague. What amendment(s) in Bonus Act you are looking for?
This Act of 1965 is amendmented several times in the past. Why you need all the amendments now? You need to focus on the current law.
In this forum there are several discussions on current law on Bonus. Latest gazetted notification is on filing the return online which is also available here if you search.
The major amendments in this Act were there in 1985,1995 and in 2007 enhancing eligible salary limit and ceiling limit for calculation of bonus as under, ever-since the law was enacted in 1965 as under:
Year / salary limit / ceiling limit
1965 / 1600 / 750
1985 / 2500 / 1600
1995 / 3500 / 2500
2007 / 1000/ 3500
By amendment of 2007, the construction employees engaged by contractors are also covered under the POB Act effective from 01.04.2006.
The Govt. of Maharashtra vide its ordinance dated 17.09.2010 has mandated payment of bonus through cheque / bank account only. I do not know about other States.
From India, Mumbai
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf