New bonus act 2016 pdf

Payment of bonus amendment rules 2016 pdf download. Appointment of authority under payment of wages act 2016, 15122016. To replace the said ordinance the payment of bonus bill was. Mumbai, new delhi ncr, chennai, kolkata, bengaluru. Be it enacted by parliament in the sixtysixth year of the republic of india as follows.

Amendment in payment of bonus act 2015 and increase in. Total inspection conducted under new framework on ldmsrajfab. Whereas a draft of the payment of bonus amendment rules, 2016, further to amend the payment of bonus rules, 1975, which the central government proposes to make in exercise of the powers conferred by section 38 of the payment of bonus act, 1965 21 of 1965, was published, as required by subsection 1 of the said section 38, in the gazette of india, extraordinary, part ii, section 3, subsection i vide notification of the government of india in the ministry of labour and employment. Payment of bonus act amendment gazette notification. An act further to amend the payment of bonus act, 1965. Appointment of bonus collection authority under payment of bonus, act 1999, 25061999. The gazette of india extraordinary part ii section 1. Bill further to amend the payment of bonus act, 1965. Bonus amendment act, 2015, vide gazette notification no. Whereas a draft of the payment of bonus amendment rules, 2016, further to amend the payment of bonus rules, 1975. The taxpayers identification numbering system act, 2002 act 632 repealed by act 915 revenue administration act, 2016 act 915 tax amnesty act, 2017 act 955.

Section 19 prescribes timelimit of 8 months for payment of bonus. In india, there is a principle law relating to the procedure of payment of bonus to the employees and that law is named as payment of bonus act, 1965. New delhi, the 1st january, 2016 pausha 11, 1937 saka the following act of parliament received the assent of the president on the 31st december, 2015, and is hereby published for general information. The new bonus act provides for all employees with wages of up to. Latest bonus amendment in jan 2016 pdf download citehr. Payment of bonus act applicability and calculations. The payment of bonus act applies to every factory and establishment which employs not less than 20 persons on any day during the accounting year. The payment of bonus amendment rules, 2016, notified scc blog. Now proviso to rule 5 1 which referred to section 19 has been omitted. Notifications labour department, government of rajasthan. In one of our previous blogs, we have seen that a bill was proposed to bring changes in the bonus act to raise the ceiling from the current. The lok sabha has approved amendments to the payment of bonus act that seeks to make more workers eligible for bonus by raising the monthly pay eligibility limit of employees to rs 21,000 from rs 10,000.