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Changes in the Payment of Bonus Act will benefit thousands of CG employees

January 8, 2016 admin Leave a Comment

Changes in the Payment of Bonus Act will benefit thousands of CG employees

The Payment of Bonus (Amendment) Bill, 2015 notified:Increase in the Eligibility Limit under clause (13) of Section 2 and Calculation Ceiling under Section 12 of the Payment of Bonus Act, 2015

The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament.

The Payment of Bonus (Amendment) Act, 2015 has been published in the Gazette of India, Extraordinary on 1st January, 2016 as Act No. 6 of 2016. The provisions of the Payment of Bonus (Amendment) Act, 2015 shall be deemed to have come into force on the 1st day of April, 2014.

The Payment of Bonus (Amendment) Act, 2015 envisages enhancement of eligibility limit under section 2(13) from Rs.10,000/- per month to Rs.21,000/- per month and Calculation Ceiling under section 12 from Rs. 3500 to Rs.7000 or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher.

Also Check: Expected DA Calculator from July 2022

The Payment of Bonus (Amendment) Act, 2015 also mandates previous publication of draft subordinate legislations, framed under the enabling provisions under the said Act, in the Official Gazette for inviting objections and suggestions before their final notification.

The Government has been receiving representations from trade unions for removal of all ceilings under the Payment of Bonus Act, 1965.

It is also one of the demands made by them during the country-wide General Strike held in February, 2013 and September, 2015.

As the last revision in these two ceilings were made in the year 2007 and was made effective from the 1st April, 2006, it was decided by the Government to make appropriate amendments to the Payment of Bonus Act, 1965.

These changes in the Payment of Bonus Act, 1965 will benefit thousands of work force.

Source: PIB News


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Related updates:

    Payment of Productivity Linked Bonus at revised calculation of Rs. 7000 – NFIR writes to Railway Minister
    Enhancement of Bonus Ceiling for CG Employees – Finmin issued Orders on 29.8.2016
    Central Government is considering to increase the eligibility limit of bonus from 10000 to 21000
    Payment of Bonus Act & PLB to Railway Employees – A Brief Note By KV Ramesh
    Raising of Bonus Payment Ceiling to the Central Government Employees – NC JCM Staff Side
    AIRF has demanded Payment of Arrear of Productivity Linked Bonus paid to Railwaymen
    Bank Staff – Payment of Bonus – As per Bonus (Amendment), Act 2015, For the Year 2016-17
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    Payment of Bonus Act Amendment Gazette Notification

Filed Under: Bonus, Bonus Ceiling

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