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Amendment to Payment of Bonus Act passed in Parliament (Lok Sabha)
#1
Dear Leaders,

The Lok Sabha has approved amendments to the Payment of Bonus Act that
seeks to make more workers eligible for bonus by raising the monthly pay eligibility limit of employees to Rs 21,000 from Rs 10,000.

Kindly refer the enclosed notification released in the 'Economic Times' on this subject.

With Thanks and Best Regards
Nanjegowda
9945282846


Attached Files
.pdf   Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf (Size: 193.58 KB / Downloads: 123)
 
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#2
Dear Nanjegowda,

It is important decision by government body.

Govind Singh Negi
HR Professional- Sr Management
Follow at twitter: @govindsinghneg3 https://twitter.com/govindsinghneg3
Catch on Facebook: http://www.facebook.com/pages/HR-Success...2717854041
 
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#3
Hi All,

Please find attached the amendment bill.


Attached Files
.pdf   Payment of Bonus (Amdmt) Bill 2015 as passed.pdf (Size: 56 KB / Downloads: 49)

Govind Singh Negi
HR Professional- Sr Management
Follow at twitter: @govindsinghneg3 https://twitter.com/govindsinghneg3
Catch on Facebook: http://www.facebook.com/pages/HR-Success...2717854041
 
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#4
Thanks for Sharing Govind,,,, now waiting for the notification.
 
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#5
(28-12-2015, 09:09 PM)partha bhowmick Wrote: Thanks for Sharing Govind,,,, now waiting for the notification.

Dear All,

Pl find attached Payment of Bonus (Amendment) Act 2015 as notified in Official Gazette. Following amendments have been made in the Act:

1. Eligibility limit for payment of bonus increased from Rs.10,000 to Rs.21,000
2. Calculation ceiling increased from Rs.3,500 p.m. to Rs.7,000 p.m.

The amendments have been made effective retrospectively from 1st April 2014. Hence we will have to work out differential liability for 2014-15 and make payment accordingly.

Regards,
K Sripad Kumar


Attached Files
.pdf   Payment of Bonus (Amendment) Act 2015.pdf (Size: 83.6 KB / Downloads: 19)
 
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#6
Thanks K Sripad Kumar for sharing the notification with us.

Appreciate.

Govind Singh Negi
HR Professional- Sr Management
Follow at twitter: @govindsinghneg3 https://twitter.com/govindsinghneg3
Catch on Facebook: http://www.facebook.com/pages/HR-Success...2717854041
 
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#7
(03-01-2016, 08:34 AM)sripadhr Wrote:
(28-12-2015, 09:09 PM)partha bhowmick Wrote: Thanks for Sharing Govind,,,, now waiting for the notification.

Dear All,

Pl find attached Payment of Bonus (Amendment) Act 2015 as notified in Official Gazette. Following amendments have been made in the Act:

1. Eligibility limit for payment of bonus increased from Rs.10,000 to Rs.21,000
2. Calculation ceiling increased from Rs.3,500 p.m. to Rs.7,000 p.m.

The amendments have been made effective retrospectively from 1st April 2014. Hence we will have to work out differential liability for 2014-15 and make payment accordingly.

Regards,
K Sripad Kumar

I have following queries regarding above act, can you give solution for the below.

* can we pay the bonus to employees who are taking salary more than 21000/- PM

* can directors and promoters of the company eligible for the bonus?

* is there any amount limit regarding maximum bonus to employees ?
 
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