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/ India News / 2007 / October 2007 / October 1, 2007 Centre raises bonus eligibility criteria to Rs.10,000 |
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The Union Cabinet today amended the Bonus Act, 1965, thus raising the eligibility limit for payment of bonus from the salary or wage of 3, 500 rupees to 10,000 rupees per month.
New Delhi, Oct 1 : The Union Cabinet today amended the Bonus Act, 1965, thus raising the eligibility limit for payment of bonus from the salary or wage of 3, 500 rupees to 10,000 rupees per month.
The Cabinet also amended the section 12 of the Act, raising the ceiling for calculation purpose from the salary or wage of Rs.2,500 to Rs.3,500 per month.
Section 32(vi) of the Act has been deleted to cover the employees employed through contractors on building operations.
ANI
