Payment of Bonus Act, 1965 – FAQ

By |2020-05-31T15:25:22+05:30December 23rd, 2014|Article, Blog, English, HR|

Coverage:  Any employee who draws salary/wage (Basic+DA) less than Rs. 10,000/- per month will now, following an amendment, be covered as an employee under the Payment of Bonus Act, 1965. (Earlier this limit was Rs. 3,500/- per month [Basic+DA]). The law stipulates that even when the company makes a loss, it [...]