The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:-
i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of Rs.3500/- to Rs.10,000 per month.
ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of Rs.2500/- to Rs.3500/- per month, and;
iii) Deletion of section 32(vi): To cover the employees employed through contractors on building operations
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Amendments to the payment of Bonus Act, 1965
Replies (17)
Hi,
Can you please let me know the effective date of the above amendment or still it will have to be approved by the House of Parliament
Thanks in advance.
Regards
Siddharth
Dear Sir,
I would like to know the effective date of above amendment.
Thanks & Regards
Bhavesh Shrimal
I think it is Oct.1'2007.............not so sure.
Please let me know the date from which the bonus amendment applicable
This is for the Current period from 1-10-07
Would you please intimate as to from when the amendment is applicable.
DEAR SIR ,
I AM ANANT S JOSHI(I AM NOT CA). KINDLY CONFIRM ME WHETHER NEW BONUS HAS BEEN PAID IN ANY PUBLIC SECTOR UNDERTAKINGS IN INDIA AS PER BONUS AMENDMENT ACT.2007.
The Payment of Bonus (Amendment) Act,2007- It has been applicable from 01-04-2006
Dear All,
After the passing of the above Act, Our company has taken a different route. It has reduced amount proportionately from CTC from Basic, HRA, Special. Allowance and showed it as statutory bonus their by the CTC being same but including statutory bonus on papers where as it has not been given in reality.
Can you please let me know whether the approach is legal and is it consistent with all labour and other relevant Acts.
| Originally posted by :ramikhalsa | ||
| " | The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:- i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of Rs.3500/- to Rs.10,000 per month. ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of Rs.2500/- to Rs.3500/- per month, and;iii) Deletion of section 32(vi): To cover the employees employed through contractors on building operations | " |
Please let me know the date from which the bonus amendment applicable
Dear Sir,
Can you please mail me Amendments to the payment of Bonus Act, 1965.
waiting for your reply.
warm regards
| Originally posted by :siddharth | ||
| " | Hi, Can you please let me know the effective date of the above amendment or still it will have to be approved by the House of Parliament Thanks in advance. Regards Siddharth |
" |
section12 of the Bonus of payment act 1965
Dear Sir,
Can you please let me know the new amendments in payment of bonus act or any limit incress above (3500-10000).
Thanks in advance.
Regards
J. K. GARG
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