|Statement||with notes by T.A. Raj Gopal.|
|Contributions||Raj Gopal, T. A.|
|LC Classifications||LAW |
|The Physical Object|
|Pagination||iv, 84 p. ;|
|Number of Pages||84|
|LC Control Number||sa 66002028|
(INDL) Payment of Bonus (Amendment) Act, (No. 45 of ). (INDR) Payment of Bonus (Amendment) Ordinance, (No. 8 of ). (INDR) Payment of Bonus (Amendment) Ordinance Implementing text(s): (INDR) Payment of Bonus Rules, Payment of Bonus Act, THE THIRD SCHEDULE [Section 6(d)] Item No. Category of employer. (i) per cent of the capital invested by such society in its establishment as evidenced from its books of accounts at the commencement of the accounting year; (ii) such sums as has been carried forward in respect of the accounting year to a. The Cabinet in its meeting held on October 1, has approved the Amendments to the payment of Bonus Act, , 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 to Rs, per month. In M/s. J.K. Acrylics v. Union of India ( (2) LLJ ), the Court held that where the Payment of Bonus Amendment Act, , replacing the Amendment Ordinance of was challenged on the ground that it cannot have retrospective operation, the employer has no right to say that his liability to pay bonus cannot be retrospectively enlarged.
The ordinance was later replaced by the payment of bonus act in September of that year. The act came into operation with effect from 25 th Sept, To review the operation of the payment of bonus act the governments setup in a bonus review committee. Payment of Bonus Act, Time-limit for payment of bonus. 20 [All amounts] payable to an employee by way of bonus under this Act shall be paid in cash by his employer,- (a) where there is a dispute regarding payment of bonus pending before any authority under sect within a month from the date on which the award becomes enforceable or the settlement comes into operation, in. The Government of India accepted the recommendations of the Commission subject to certain modifications. To implement these recommendations the Payment of Bonus Ordinance, was promulgated on 29th May, To replace the said Ordinance the Payment of Bonus Bill was introduced in the Parliament. Continue Payment of bonus act all the confirmed employees whose basis is less than or equal to /- per month is eligible for statutory bonus @ rate of % of Basic pay. The Act enables the employees to get a minimum bonus equivalent to one month's salary or wages (% of annual earnings) whether the employer makes any profit or not.
Payment of Bonus Act Book by TAXMANN. The book Payment of Bonus Act Book by TAXMANN is available at for purchase. You can check the latest availability by visiting CAKART publisher of the book is TAXMANN PUBLICATIONS PVT. book is in English language. The Table of Content or a quick excerpt on the book has been provided on the book . Act Year: Short Title: The Payment of Bonus Act, Long Title: An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith. Ministry: Ministry of Labour and Employment: Enforcement Date: The Payment of Bonus Act of has undergone a series of amendments- in , , and most recently in The amendment of has brought in significant changes with regard to the minimum and maximum limit for payment of bonus. THE PAYMENT OF BONUS ACT, The Payment of Bonus Act, provides for the payment of bonus to persons employed in certain establishments, employing 20 or more persons, on the basis of profits or on the basis of production or productivity and matters connected there with. The minimum bonus of % is payable by every industry and.