Labour Minister Bandaru Dattatreya today introduced a bill in the Lok Sabha that seeks to enhance pay eligibility limit of an employee for bonus to Rs 21, 000 per month from Rs 10,000.The Payment of Bonus (Amendment) Bill, 2015 also seeks to enhance the monthly bonus calculation ceiling to 7,000 rupees per month from existing 3,500 rupees. It will increase the quantum of bonus substantially.<br/><br/>The bill will amend the Payment of Bonus Act 1965, which is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year.

Labour Minister Bandaru Dattatreya today introduced a bill in the Lok Sabha that seeks to enhance pay eligibility limit of an employee for bonus to Rs 21, 000 per month from Rs 10,000.The Payment of Bonus (Amendment) Bill, 2015 also seeks to enhance the monthly bonus calculation ceiling to 7,000 rupees per month from existing 3,500 rupees. It will increase the quantum of bonus substantially.<br/><br/>The bill will amend the Payment of Bonus Act 1965, which is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year.

Labour Minister Bandaru Dattatreya today introduced a bill in the Lok Sabha that seeks to enhance pay eligibility limit of an employee for bonus to Rs 21, 000 per month from Rs 10,000.The Payment of Bonus (Amendment) Bill, 2015 also seeks to enhance the monthly bonus calculation ceiling to 7,000 rupees per month from existing 3,500 rupees. It will increase the quantum of bonus substantially.<br/><br/>The bill will amend the Payment of Bonus Act 1965, which is applicable to every factory and other establishment in which 20 or more persons are employed on any day during an accounting year.