The payment of bonusamendment act, 2015 received the assent of the president on 31st december 2015. Govt doubles monthly bonus calculation ceiling to rs 7,000. Study on wage setting systems and minimum rates of pay applicable. Bonus amendment act, 2015, vide gazette notification no. All documents are in pdf format and you will be required to install. Procedure and checklist for inspection under the payment of bonus. Section 102a 3 of the jobs act amended section 953b of the. Be it enacted by parliament in the sixtysixth year of the republic of india as follows. Payment of bonus amendment act, 2015 provides for the mandatory annual payment of bonus to eligible employees of establishments which employ 20 or more persons. Panchayat ps administrative rules, 2008 in the year 2015 west bengal gram panchayat administrative rule, 2004 2nd amendment to w. Omitting salary or bonus information for the peo in reliance on. The payment of bonus amendment bill, 2015 notified. The payment of bonus amendment bill, 2015 received the assent of the president.
A summary of highway provisions fast act federal highway. 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. Payment of bonus amendment act2015 gazzette notification. Following the recommendations of the parliamentary standing committee on labour, the ministry of labour and employment mole has prepared. The key changes in the payment of bonus amendment, act 2015 1. The changes made during the 2015 financial year are listed. Amendment in payment of bonus act 2015 and increase in. The act provides for the annual payment of bonus to employees of certain establishments including factories and establishments employing 20 or more persons. The payment of bonus amendment bill, 2015 prsindia. In accordance with the terms of the principal act, every employee who draws a salary of inr 10,000 or below per month and who has worked for not less than.
The amendments have increased the wage threshold for determining applicability of the act from inr 10,000 to inr 21,000 per month. Payment of bonus act and amendments analysis of 2015. The 2015 amendment of the payment of bonus act added the following clause. The payment of bonus amendment act, 2015 envisages enhancement of eligibility limit under section 2 from rs. Amendment relating to multiyear contract authority for acquisition of. On december 4, 2015, president obama signed into law public law 11494, the fixing. National defense authorization act for fiscal year.
This amendment was done to the payment of bonus act passed in 1965 and latest amended in 2007. On 31 december 2015 the president gave his assent to certain amendments to the payment of bonus act, 1965. Eligibility limit of the employee under salary or wages increased. Map of permitted outdoor advertising devices in the state of colorado. The payment of bonus amendment bill, 2015 a bill further to amend the payment of bonus act, 1965. Not less than thirteen times the term statutory and regulatory requirements has been stated in the isofdis 9001. Agency nea council meetings of 26 may 2015 and 17 may. The policy on gender equality in denmark update european. Patronage is an act of altruism, selfless by its very nature. Where the salary of the employee exceeds inr 7000 per month, the bonus payable to such an employee shall be calculated as if hisher salary were inr 7000 or the minimum wage for the scheduled employment as appropriated by the respective government, whichever is. The payment of bonus amendment bill, 2015 to enhance the monthly bonus calculation ceiling to rs 7,000 per month from existing rs. Be it enacted by parliament in the sixtysixth year of the republic of india as. Repeal of obsolete authority to pay bonus to encourage army personnel.
The salient features of the payment of bonus amendment act 2015 are as follows. The moving ahead for progress in the 21st century act map21, enacted in. Additional remuneration act ontario ministry of labour. Statement at an open meeting on doddfrank act clawback provision by commissioner luis a.
Factories act amendment bill being revised the hindu. An act further to amend the payment of bonus act, 1965. Additionally, the wage ceiling for calculation of bonus has been increased from inr 3500 to inr 7000 per month. The union is recognized as the sole and exclusive bargaining agent for itself and all its.