The Payment of Bonus Act has been revised . The official notification is attached. All employees with a basic of less than 10k per month are now covered under this.
From India, Delhi
1From India, Delhi
Hi, I have a question with this act. Q- What can be consists of a Basic Salary? (eg- any other fixed pay like special all. can be consists with the same of not?) Pl reply. Regards Amit Bhatia
From India, Mumbai
From India, Mumbai
Wages under Payment of Bonus Act i.e. Rs.10,000/- for coverage under Act. Whether the wages are Basic or Gross Wages
From United States, Manchester
From United States, Manchester
Dear Seniors,
I would like to know more about Service Compensation, with regards to IT Industry.
1)Is service compensation applicable to the employee(s) in an IT firm?
2) If yes, who would be eligible?
3) How is Service Compensation calculated?
Thanks & Regards,
Venkat
From India, Hyderabad
I would like to know more about Service Compensation, with regards to IT Industry.
1)Is service compensation applicable to the employee(s) in an IT firm?
2) If yes, who would be eligible?
3) How is Service Compensation calculated?
Thanks & Regards,
Venkat
From India, Hyderabad
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Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc