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...