Govt hikes wage ceiling for bonus to Rs 21,000
The Lok Sabha has approved amendments to the Payment of Bonus Act that seeks to make more workers eligible for bonus by raising the monthly pay eligibility limit of employees to Rs 21,000 from Rs 10,000.
The bill, tabled in the house earlier this month, also seeks to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from Rs 3,500, thus substantially increasing the amount of bonus.
Both the proposed changes are in line with the demands of 10 central trade unio ..
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