
Bonus calculation ceiling revised from April 2014 – Arrears of bonus likely!
LS passes Bonus Bill; benefits to accrue from April 2014
The Lok Sabha on Tuesday passed a bill allowing doubling of wage
ceiling for calculating bonus to Rs 7,000 per month for factory workers
with establishments with 20 or more workers, with the benefits being
applicable retrospectively from April 2014.
The Payment of Bonus (Amendment) Bill, 2015, was passed...