THE PAYMENT OF BONUS (AMENDMENT) ACT, 2015

THE PAYMENT OF BONUS (AMENDMENT) ACT, 2015 PDF FILE LINK


BMS had organized a function to felicitate Finance Minister Arun Jaitley, Power Minister Piyush Goyal, Petroleum Minister Dharmendra Pradhan and Dattatreya for their efforts in passing the Payment of Bonus (Amendment) Bill, 2015.

Dattatreya said the government will bear an additional burden of about Rs 6,100 crore due to the passing on the Bonus Bill.

The amendment provides the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015.

It provides for enhancing the monthly bonus calculation ceiling to Rs 7,000 per month from the existing Rs 3,500. It also enhances the eligibility limit for payment of bonus from Rs 10,000 per month to Rs 21,000 per month.

The Payment Of Bonus (Amendment) Act, 2015 Received The Accent O The President on 31-12-2015 and notified in gazette on 01-01-2016 for general information.





2 comments:

vijay goud said...

Please let me know from which date or year it applicable ( Bonus)

Raghu nath said...

Dattatreya, Union Labour Minister Statement Regarding Bonus Amendment '15:

BMS had organized a function to felicitate Finance Minister Arun Jaitley, Power Minister Piyush Goyal, Petroleum Minister Dharmendra Pradhan and Dattatreya for their efforts in passing the Payment of Bonus (Amendment) Bill, 2015.

Dattatreya said the government will bear an additional burden of about Rs 6,100 crore due to the passing on the Bonus Bill.

The amendment provides the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015.

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