BONUS

	Message From: varadharajen	Total Posts: 6	Join Date: 15/09/2009
Rank: Beginner	Post Date: 16/11/2009 11:16:51	Points: 30	Location: India

Hi all,

We now just crossed Diwali and disbursed huge amount as bonus, by most of the employers.

Here, so many people have wrongly understood in the recent enactment, the bonus limitation has been increased to Rs.10000/-, which I feel sorry, which is not the case, i believe.

The Govt. is seriously considering the eligibility criteria instead of present Rs.3500/- to be enhanced to Rs.10000/-, because of which a person drawing a (basic+DA) salary more than Rs.3500/- also will be eligible for the minimum bonus of Rs.2500/-, by increasing this limitation, as per Govt. policy beneficieries will be more.

So far the bonus limit of Rs.2500/- has not been increased to Rs.10000/-, instead the salary limitation has been increased to Rs.10000/- i.e. whoever drawing salary upto Rs.10000/- are also coming under eligible category.

Regards

Varadharajen

	Message From: kprasoon	Total Posts: 34	Join Date: 15/09/2009
Rank: Executive	Post Date: 05/10/2010 04:23:55	Points: 170	Location: India

Dear All,

Govt. of India through the Payment of Bonus (amendment) bill-2010 (15 of 2010) published in Gazette of India, proposes the following amendments :

1. To increase minimum bonus limit from 8.33% to 11%.
2. To increase the wage ceiling of coverable employee from 10000/- to 15000/- per month.
3. To enhance the calculation of bonus from Rs. 3500/- to 5000/- per month.

Thanks
Kamal Prasoon Sinha