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  • Press Information Bureau Government of India Ministry of Labour & Employment

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    Amit Jha
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    The Payment of Bonus (Amendment) Act, 2015 was passed by Parliament to amend the Payment of Bonus Act, 1965. The amendments increase the eligibility limit from Rs. 10,000 per month to Rs. 21,000 per month and increase the calculation ceiling from Rs. 3,500 to Rs. 7,000 or the minimum wage, whichever is higher. The amendments are deemed to have come into force on April 1, 2014. The changes are intended to benefit thousands of workers by updating the eligibility limits and calculation ceiling that were last revised in 2007.

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    Amendment in the Payment of Bonus Act

    Original Title

    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

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    The Payment of Bonus (Amendment) Act, 2015 was passed by Parliament to amend the Payment of Bonus Act, 1965. The amendments increase the eligibility limit from Rs. 10,000 per month to Rs. 21,000 per month and increase the calculation ceiling from Rs. 3,500 to Rs. 7,000 or the minimum wage, whichever is higher. The amendments are deemed to have come into force on April 1, 2014. The changes are intended to benefit thousands of workers by updating the eligibility limits and calculation ceiling that were last revised in 2007.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Press Information Bureau Government of India Ministry of Labour & Employment

    Uploaded by

    Amit Jha
    The Payment of Bonus (Amendment) Act, 2015 was passed by Parliament to amend the Payment of Bonus Act, 1965. The amendments increase the eligibility limit from Rs. 10,000 per month to Rs. 21,000 per month and increase the calculation ceiling from Rs. 3,500 to Rs. 7,000 or the minimum wage, whichever is higher. The amendments are deemed to have come into force on April 1, 2014. The changes are intended to benefit thousands of workers by updating the eligibility limits and calculation ceiling that were last revised in 2007.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    1/11/2016

    ThePaymentofBonus(Amendment)Bill,2015notified:IncreaseintheEligibilityLimitunderclause(13)ofSection2andCalculationCeilingunderSecti

    PressInformationBureau
    GovernmentofIndia
    MinistryofLabour&Employment
    08January201617:47IST

    ThePaymentofBonus(Amendment)Bill,2015notified:IncreaseintheEligibilityLimitunderclause(13)ofSection
    2andCalculationCeilingunderSection12ofthePaymentofBonusAct,2015
    ThePaymentofBonus(Amendment)Bill,2015waspassedbytheParliamentinthejustconcludedWinterSessionofthe
    Parliament.ThePaymentofBonus(Amendment)Act,2015hasbeenpublishedintheGazetteofIndia,Extraordinaryon1st
    January,2016asActNo.6of2016.TheprovisionsofthePaymentofBonus(Amendment)Act,2015shallbedeemedto
    havecomeintoforceonthe1stdayofApril,2014.
    The Payment of Bonus (Amendment) Act, 2015 envisages enhancement of eligibility limit under section 2(13) from
    Rs.10,000/permonthtoRs.21,000/permonthandCalculationCeilingundersection12fromRs.3500toRs.7000orthe
    minimumwageforthescheduledemployment,asfixedbytheappropriateGovernment,whicheverishigher.ThePayment
    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
    BonusAct,1965.ItisalsooneofthedemandsmadebythemduringthecountrywideGeneralStrikeheldinFebruary,2013
    andSeptember,2015.Asthelastrevisioninthesetwoceilingsweremadeintheyear2007andwasmadeeffectivefromthe
    1stApril,2006,itwasdecidedbytheGovernmenttomakeappropriateamendmentstothePaymentofBonusAct,1965.
    ThesechangesinthePaymentofBonusAct,1965willbenefitthousandsofworkforce.
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    http://pib.nic.in/newsite/PrintRelease.aspx?relid=134313

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