We receive a large number of inquiries on our e-mail facility regarding the payment of bonuses. Generally, the most common questions are "what does the law. The Payment of Bonus Act, provides for the payment of bonus to persons employed in certain establishments, employing 20 or more. PRESENTATION ONTHE PAYMENT OF BONUS ACT, PRESENTED BY- PREMANSHU GARG APPLICABILITY The Act applies to- (a).
Payment of bonus - denThere are, however, problematic instances, most notably when bonus payments are high. We appreciate the ease, cost effectiveness and quality of the content and presenters offered by these web seminars. Participation in these surveys or contests is completely voluntary and the user therefore has a choice whether or not to disclose any information requested. Comment While the Amendment Act has been introduced at an opportune moment and with the intention of ensuring that labour laws progress in tandem with the extensive economic reforms that are underway, it is essential for the Government to be mindful of the employer's interest and finances when making any statutory amendments that have retrospective implication. The last amendment of was notified on 1st Jan. The Amendment also increases the amount of bonus that would be received by the eligible employee as against the Principal Act which provided that the bonus payable to an employee will be in proportion to his or her salary or wage.
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