Newsmakers: Govt launches bill to hike wage ceiling for Bonus to Rs 21K and more - Photos-1
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Newsmakers: Govt launches bill to hike wage ceiling for Bonus to Rs 21K and more

Government on December 7, 2015 introduced a bill in Lok Sabha that seeks to enhance pay eligibility limit of an employee for bonus to Rs 21,000 per month, from Rs 10,000, to make more workers eligible for the benefit. The Payment of Bonus (Amendment) B
Government on December 7, 2015 introduced a bill in Lok Sabha that seeks to enhance pay eligibility limit of an employee for bonus to Rs 21,000 per month, from Rs 10,000, to make more workers eligible for the benefit.

The Payment of Bonus (Amendment) Bill, 2015 also seeks to enhance the monthly bonus calculation ceiling to Rs 7,000 per month from existing Rs 3,500. It will increase the quantum of bonus substantially.
PHOTO: Reuters
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