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Amendment to Bonus Act

KMS_Labour Law Updates_Amendment to Bonus and PF Act

  • The Act mandates payment of bonus to employees’ whose salary or wage (Basic pay) is up to Rs 10,000 per month. As per amendment, eligibility limit increases to Rs. 21,000 per month.
  • Earlier Maximum bonus to be paid was Rs. 3,500/- which has been increased to- Rs. 7,000 or

    - the minimum wage for the scheduled employment, as fixed by appropriated