Payment Of Bonus Act Amendment 2015
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Search Result For "Payment Of Bonus Act Amendment 2015" - Page 1
The key changes in the Payment of Bonus (Amendment) Act 2015 are as follows:1\. Effective April 1, 2014\. This change is retrospective.2\. The eligible salary (basic) is now up to Rs. 21,000 per month.3\. The bonus calculation ceiling limit has been revised to R...
Hi,How are organizations managing this extra cost when they just had increments? Moreover, is there a stay on retrospective payment of bonus? Ref- http://www.business-standard.com/article/economy-policy/kerala-high-court-issues-interim-stay-on-retrospective-amen...
Dear Sir,According to the Bill, it shall be deemed to have come into force on the 1st day of April 2015\. However, in the Act, I found the effective date as 1st April 2014\.Which is the effective date of The Payment of Bonus (Amendment) Act 2015? Please clarify ...
Hi, I worked in the company until Aug '2014 in Mohali (Punjab), and my salary was less than 21,000/-. As per the amendment, I am eligible to get my bonus. However, the employer is saying, "As per law, there is no bonus due to you." Could you please guide me if I...
Dear Rajesh,As per the Bonus Act, salary is Basic + DA. Therefore, if the employee's salary (Basic + DA) is below 21,000/-, they are eligible for a bonus. However, if the salary exceeds 21,000/-, then the employee is not entitled to a bonus. It depends on the em...
The effective date is from 01APR14, i.e., the bonus for the year ending 31MAR15 needed to be calculated on the revised ceiling. I am sure that the bonus for 2014-15 has already been paid by all the employers within the stipulated 8 months, i.e., by Nov15 itself,...
Please, can anybody tell when the difference bonus is to be paid to all pertaining/eligible individuals? Is the difference payable from April 1, 2014?Please clarify.
Dear all,The amendment clearly indicates that you have to pay a minimum bonus of Rs. 7000/- or the minimum wages declared by the government in the scheduled employment, whichever is higher. Therefore, you have to pay a minimum bonus of Rs. 7000/- in any case. If...
Hi Friends!My basic salary was Rs. 13,500, and my take-home pay was Rs. 24,470 in my last organization. I left that company on 8th Oct 2015\. Am I eligible to receive my bonus for the last financial year or not? I am actually confused. Please let me know.Thanks,...
Dear Concern,In the above discussion, please clarify the following:1\. If the Basic salary is Rs. 6000/- and the Minimum Wages are Rs. 8554/-, do we have to consider the Minimum Wages (Rs. 8554/-) for Bonus calculation or Rs. 7000/-?Thanks & Regards,Manoj Kumar