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Wednesday, December 23, 2015

Bonus Amendment Bill (2015) as passed in Loksabha

Dear all,

The Lok Sabha today passed a bill allowing doubling of wage ceiling for calculating bonus to Rs 7,000 per month for factory workers with establishments with 20 or more workers, with the benefits being applicable retrospectively from April 2014.

The Payment of Bonus (Amendment) Bill, 2015, was passed by a voice vote, with some members objecting to the raising of eligibility limit for payment of bonus from a salary of Rs 10,000 per month to Rs 21,000.

Pls refer to the link & bill

Bonus amendment as passed in Lok Sabha 2015

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