Hi Every One there are some amendments in Bonus Act of AP & TS you can find below
1) The payment of bonus(Amendment)bill 2015 is to enhance the monthly bonus calculation ceiling to Rs7,000 per month from 3,500.
2) Bill also seeks eligibility limit for payment of bonus from the salary or wage of an employee from Rs10,000 per month to Rs21,000
3) Bonus is calculated on the basis of the employees salary & profits of establishment.
4) 8.33% minimum,20% maximum is calculated.
5) Minimum bonus Rs7,000 for the employees drawing below 21,000.
6) Bonus payment time is 8months i.e 30th November.
7) Minimum bonus to be paid is Rs7,000 or the ,minimum wage is the scheduled employement which ever is higher.
For example :
Minimum bonus is Rs7,000, If the minimum wage is Rs8,000.
In such case bonus of Rs8,000 have to be paid.
8) Can Govt. pass an act with retrospective effect from 1st April 2014, now the employers want to challenge the amendment before the high court.
From India, Vijayawada
31) The payment of bonus(Amendment)bill 2015 is to enhance the monthly bonus calculation ceiling to Rs7,000 per month from 3,500.
2) Bill also seeks eligibility limit for payment of bonus from the salary or wage of an employee from Rs10,000 per month to Rs21,000
3) Bonus is calculated on the basis of the employees salary & profits of establishment.
4) 8.33% minimum,20% maximum is calculated.
5) Minimum bonus Rs7,000 for the employees drawing below 21,000.
6) Bonus payment time is 8months i.e 30th November.
7) Minimum bonus to be paid is Rs7,000 or the ,minimum wage is the scheduled employement which ever is higher.
For example :
Minimum bonus is Rs7,000, If the minimum wage is Rs8,000.
In such case bonus of Rs8,000 have to be paid.
8) Can Govt. pass an act with retrospective effect from 1st April 2014, now the employers want to challenge the amendment before the high court.
From India, Vijayawada
Dear All,
STAY ORDER-HIGH COURT OF KERALA-PAYMENT OF BONUS AMENDMENT ACT 2015
The order of the Kerala High Court will not be applicable on PAN India level. Some more writ petitions are being filed in other High Courts also. However, the subject matter is under active consideration by the Central Govt. and as such the implementation of the amended provisions be kept in abeyance.
From United Arab Emirates, Dubai
STAY ORDER-HIGH COURT OF KERALA-PAYMENT OF BONUS AMENDMENT ACT 2015
The order of the Kerala High Court will not be applicable on PAN India level. Some more writ petitions are being filed in other High Courts also. However, the subject matter is under active consideration by the Central Govt. and as such the implementation of the amended provisions be kept in abeyance.
From United Arab Emirates, Dubai
Since the stay has been granted by Kerala High Court it is applicable only within Kerala. Of course employers in other states can file similar applications in their respective states and those High Courts may or may not grant the stay.
But I do not know why a government can not amend a law retrospectively. Such retrospective amendments galore esp in tax laws or labour laws.
From India, Pune
But I do not know why a government can not amend a law retrospectively. Such retrospective amendments galore esp in tax laws or labour laws.
From India, Pune
Applicability of High Court Orders across India on retrospective effect of Payment of Bonus (Amendment) Act, 2015 Read this: https://lnkd.in/eHf-w-j
From India, Delhi
From India, Delhi
Bombay High Court stays retrospective roll-out of new bonus payment act - The Economic Times
From India, Malappuram
From India, Malappuram
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Bonus act amendment gazette copy.pdf
Kerala High Court Stay_ Payment of Bonus (Act) Amendment.jpg