Archive for January, 2016

The Payment of Bonus (Amendment) Act, 2015

The Government of India has notified the Payment of Bonus (Amendment) Act, 2015, by way of a notification dated 01-Jan-2016. The notification impacts the Payment of Bonus Act, 1965, and mandates the following changes with regard to statutory bonus calculation. 1. Bonus eligibility: Until now, employees who are employed on a salary exceeding Rs 10,000 per […]

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