Employers’ association AIOE has asked the government to defer the implementation of amendments in the Payment of Bonus Act to next fiscal so as to reduce financial burden on the industry, particularly small and medium businesses. Keeping in view both the financial and operational hardships facing the industry, All India Organisation of Employers’ (AIOE), an allied… Read more »

Dear all, As per various email & phone calls are recd at our office in regards to interpret the new clause as inserted in the Bonus act Amended 2015 3. In section 12 of the principal Act,— (i) for the words ‘‘three thousand and five hundred rupees’’ at both the places where they occur, the… Read more »

Dear all,Both the House has 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… Read more »