Manish Singh
(Expert) 05 May 2008
Eligibility limit for payment of bonus to the employee earning salary or wage has been enhanced from Rs. 3,500/- per month to Rs.10,000/- per month. Ceiling for purpose of calculation of bonus to the employee earning salary or wage has been enhanced from Rs. 2,500/- per month to Rs.3,500/- per month. Employees employed through contractor on building operations will now be covered under The Payment of Bonus Act, 1965
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