Payment of Bonus (Amendment) Bill, 2015 notified:
Increase in the Eligibility Limit under clause (13) of Section 2 and
Calculation Ceiling under Section 12 of the Payment of Bonus Act, 2015:
The Payment of Bonus (Amendment) Bill, 2015 was passed by the Parliament in the just concluded Winter Session of the Parliament. The Payment of Bonus (Amendment) Act, 2015 has been published in the Gazette of India, Extraordinary on 1st January, 2016 as Act No. 6 of 2016. The provisions of the Payment of Bonus (Amendment) Act, 2015 shall be deemed to have come into force on the 1st day of April, 2014.
The Payment of
Bonus (Amendment) Act, 2015 envisages enhancement of eligibility limit under
section 2(13) from Rs.10,000/- per month to Rs.21,000/- per month and
Calculation Ceiling under section 12 from Rs. 3500 to Rs.7000 or the minimum
wage for the scheduled employment, as fixed by the appropriate Government,
whichever is higher. The Payment of Bonus (Amendment) Act, 2015 also mandates
previous publication of draft subordinate legislations, framed under the
enabling provisions under the said Act, in the Official Gazette for inviting
objections and suggestions before their final notification.
The Government
has been receiving representations from trade unions for removal of all
ceilings under the Payment of Bonus Act, 1965. It is also one of the demands
made by them during the country-wide General Strike held in February, 2013 and
September, 2015. As the last revision in these two ceilings were made in the
year 2007 and was made effective from the 1st April, 2006, it was decided by
the Government to make appropriate amendments to the Payment of Bonus Act,
1965.
These changes in
the Payment of Bonus Act, 1965 will benefit thousands of work force.
Source : PIB
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