Bonus ceiling hike from 3500 to 7000

Puneet Dubey (Querist) 23 October 2015 This query is : Resolved
Dear Sir/ Madam,

Bonus ceiling hike from Rs.3500/- to Rs.7000/- w.e.f. 01/04/2015 is that means bonus payable for the Year 2014-15 will be calculated on Rs.3500/- ceiling or not?

Bonus eligibility has also been increased from 10000/- to 20000/-. Does bonus payable for the Year 2014-15 will be calaulated on this basis?

Kindly suggest how to calculate bonus for the Year 2014-15.

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Kumar Doab (Expert) 23 October 2015
If it been notified in the gazette, then check date from which it applies.

The labor Law Consultant of your establishment can advise on how to give effect.

Rajendra K Goyal (Expert) 29 October 2015
Go through the notification if any.

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