I've heard that there is a cap of a maximum ₹10,000/- on Basic + DA for eligibility for a bonus, but I couldn't find it in the Act. Is it still applicable? If yes, can you guide me on where to find it in the Act?
Thanks & Regards,
Sharon D'Souza
From India, Mumbai
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Thanks & Regards,
Sharon D'Souza
From India, Mumbai
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Yes, the cap is still applicable, but there is a proposal to raise it to $15,000. In this regard, there is a bill, but it is yet to be amended in the Bonus Act. The amendment in the Bonus Act is enclosed.
Regards,
S. Sethupathy
From India, Coimbatore
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54Regards,
S. Sethupathy
From India, Coimbatore
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Dear sir, Yes you are absoluly right the applicability of bonus payment is 10k(basic+da) sumit
From India, Ghaziabad
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From India, Ghaziabad
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Dear Sir, Is any construction company engaged in hydro construction eligible for bonus. Regagds, Sandeep Thakur
From India, Delhi
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From India, Delhi
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Amendment to Payment of Bonus Act 2015.jpg
Bonus act amendment gazette copy.pdf