The issue of raising of Bonus ceiling from the present Rs 3500/- to Rs 7000/- will come up for discussion and decision in the cabinet meeting scheduled to be held on 21.10.2015.
It was learnt that the a decision to make the employees who are getting pay upto Rs 21000/- per month eligible for bonus will also be taken in the cabinet meeting. The present pay ceiling to get Bonus is Rs 10,000/- p.m. The amendments proposed to that extent in "Bonus Payments act-1965" are likely to be discussed and accepted in todays Cabinet meeting. After Cabinet approval, the amendment will be placed before the Parliament.
Source:Eenadu
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