Bonus Act amendment - Ceiling raised to Rs.21,000

Latest update on Bonus In one of our previous blogs, we have seen that a bill was proposed to bring changes in the Bonus Act to raise the ceiling from the current existing Rs. 10,000.  This has now been implemented, according to a recent notification from the Ministry of Labour.  According to this notification,  the bonus ceiling is now r

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Bill to amend the Bonus Act - Ceiling now to be raised to Rs.21,000

The government has proposed an amendment to the Bonus Act of 1965. In this amendment, the salary ceiling for the payment of bonus is proposed to be increased to Rs.21,000 from the existing ceiling of Rs.10,000. This amendment is proposed to be effective from 1st of April, 2015.The amendment also seeks to raise the calculation ceiling from current

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