payment of bonus act

PERSONNEL OFFICER

Dear Sir,

Please let me know whether section 2(13 ) of the payment of Bonus Act,1965 has amended and the wage limit has enhanced to Rs.10000/- from Rs.3500/-. Please also send me the copy of amendment act.

 

Reebi Jose

 

 

 
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what is the applicability of payment of bonus act
 
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Executive- Personnel ( HR)

Dera Reebi, AMENDMENT TO THE PAYMENT OF BONUS ACT, 1965 The Cabinet in its meeting held on October 1, 2007 has approved the Amendments to the payment of Bonus Act, 1965, which are as follows:- i) Amendment to Section 2(13): To raise the eligibility limit for payment of bonus from the salary or wage of Rs.3500/- to Rs.10,000 per month. ii) Amendment to section 12: To raise the ceiling for calculation purpose from the salary or wage of Rs.2500/- to Rs.3500/- per month,
 
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Thanks for the replies. Please also let me know whether the decision of the cabinet has to be placed in the Parliament for amending Pyament of Bonus act,1965. Regards Reebi.
 
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The Minimum Rates of salaty / wages under the Minimum Wages Act, applicable to different 'Schedule Employments' are much more than Rs. 3500/= Per month. Does it mean that Bonus is NOT payable even on the "Minimum wage Rates' ? iIf yes, Is it logical ?
 
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