Dear Friends,
Any one is hanving G.O. Copy of recent ammendment of Bonus celing limt
from 3,500/- to 10,000/-. If so please supply
Regards,
:)
PBS KUMAR
Mr.Kumar,
I could get only the press release, but nor the GO at the present. If I could find the same I will immediately post it.
AMENDMENT TO THE PAYMENT OF BONUS ACT, 1965
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 .
Regards
Prakash
