Payment of Bonus (Amendment) Act, 2015

GPTKB entity

Statements (14)
Predicate Object
gptkbp:instanceOf Indian legislation
gptkbp:amendedBy gptkb:Payment_of_Bonus_Act,_1965
gptkbp:appliesTo employees in India
gptkbp:dateEnacted 2015
gptkbp:enactedBy gptkb:Parliament_of_India
https://www.w3.org/2000/01/rdf-schema#label Payment of Bonus (Amendment) Act, 2015
gptkbp:increasedCalculationCeiling from Rs. 3,500 to Rs. 7,000 per month or minimum wage, whichever is higher
gptkbp:increasedWageThreshold from Rs. 10,000 to Rs. 21,000 per month
gptkbp:publishedInGazetteOn 1 January 2016
gptkbp:purpose to amend bonus eligibility and calculation under Payment of Bonus Act, 1965
gptkbp:receivedRoyalAssent 31 December 2015
gptkbp:startDate 1 April 2014
gptkbp:bfsParent gptkb:Payment_of_Bonus_Act
gptkbp:bfsLayer 7