Mr Basanta
Bonus wage ceiling is Rs.10,000/- and not Rs.5000/-. Can you please clarify which amendment you are talking and post the gazette notification or circular that you have for information of all.
Regards
K.Ramachandra
8Bonus wage ceiling is Rs.10,000/- and not Rs.5000/-. Can you please clarify which amendment you are talking and post the gazette notification or circular that you have for information of all.
Regards
K.Ramachandra
Demand for payment of Bonus and the sum to be so paid also decided by the employee, is not a matter of right of the employee.
Payment of Bonus is decided and declared by the management every year and paid in accordance with the Payment of Bonus Act.
In this case the demand of the employee is baseless and he should be so tols that the same cannot be entertained.
Vasant Nair
From India, Mumbai
Payment of Bonus is decided and declared by the management every year and paid in accordance with the Payment of Bonus Act.
In this case the demand of the employee is baseless and he should be so tols that the same cannot be entertained.
Vasant Nair
From India, Mumbai
Dear Pallavi
Factories Act is a very comprehensive Act. If you have any specific questions on Factories ACt, the same can be addressed. however, please note,
Factories Act is applicable to a factory where in
- a. 10 or more are working or were working on any day of the preceding twelve months and in any part of which a manufacturing process is being carried on with the aid of power or is ordinarily so carried on but does not include a mine
- b. Manufacturing process means, any process for making, altering, repairing, ornamenting, finishing, packing, oiling, washing, cleaning, breaking up, demolishing or otherwise treating or adapting any article or substance with a view to its use, sale, transport, delivery or disposal......
Regards
K.Ramachandra
Bangalore
Factories Act is a very comprehensive Act. If you have any specific questions on Factories ACt, the same can be addressed. however, please note,
Factories Act is applicable to a factory where in
- a. 10 or more are working or were working on any day of the preceding twelve months and in any part of which a manufacturing process is being carried on with the aid of power or is ordinarily so carried on but does not include a mine
- b. Manufacturing process means, any process for making, altering, repairing, ornamenting, finishing, packing, oiling, washing, cleaning, breaking up, demolishing or otherwise treating or adapting any article or substance with a view to its use, sale, transport, delivery or disposal......
Regards
K.Ramachandra
Bangalore
Worker drawing salary/wages Rs. 10,000 p.m. as the highest ceiling is eligible to entitle bonus, but calculating ceiling is Rs. 3,500 p.m. Those who draws salary/ wages above 10,000 p.m. are not entitled to bonus in terms of the provisions of the Payment of Bonus( as amended) Act, 1965
Minimum bonus rate is 8.33%
Maximum bonus rate is20%
Maximum bonus amount 8,300
From India, Kolkata
Minimum bonus rate is 8.33%
Maximum bonus rate is20%
Maximum bonus amount 8,300
From India, Kolkata
Agreed with abbas matter has been with parliament of india for review lets passed from legislature afterward gazzate notification will come out. Thanks & Regards, From, Sumit Kumar Saxena
From India, Ghaziabad
From India, Ghaziabad
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Amendment to Payment of Bonus Act 2015.jpg
Payment of Gratuity Amendment Bill 2010.pdf