{"id":32201,"date":"2016-01-11T10:39:05","date_gmt":"2016-01-11T05:09:05","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=32201"},"modified":"2016-01-15T18:48:44","modified_gmt":"2016-01-15T13:18:44","slug":"the-payment-of-bonus-amendment-act-2015","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/01\/11\/the-payment-of-bonus-amendment-act-2015\/","title":{"rendered":"The Payment of Bonus (Amendment) Act, 2015"},"content":{"rendered":"<p style=\"text-align: justify;\">The Payment of Bonus (Amendment) Act, 2015 received the assent of the President on 31st December, 2015 and was passed to amend the Payment of Bonus Act, 1965.<\/p>\n<p style=\"text-align: justify;\">The Amendment Act amended Section 2(13) of the Principal Act to increase the eligibility limit\u00a0of an employee from the current level of those who paid a salary or wages of Rs. 10,000 to Rs. 21,000 per month to receive benefits under the Act. It further amended Section 12 of the Principal Act. Prior to Amendment, the amount of bonus payable to an eligible employee whose salary or wages exceeded Rs. 3500 was to be calculated as if his salary or wages was Rs. 3500. After the amendment this has been raised to Rs. 7,000 or minimum wage specified, whichever is higher. The Amendments come into force w.e.f 1.4.2014 retrospectively.<\/p>\n<p style=\"text-align: justify;\">The Payment of Bonus Act applies to establishments that have 20 or more employees.<\/p>\n<p style=\"text-align: justify;\">An employee has been defined as any person (other than an apprentice) employed on a salary or wage not exceeding twenty-one thousand rupees per mensem in any industry to do any skilled or unskilled manual, supervisory, managerial, administrative, technical or clerical work of hire or reward, whether the terms of employment be express or implied<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref1\" name=\"_ftn1\"><\/a>\u00a0Salary or wages have been defined as to mean all remuneration (other than remuneration in respect of over-time work) capable of being expressed in terms of money, which would, if the terms of employment, express or implied, were fulfilled, be payable to an employee in respect of his employment or of work done in such employment and includes dearness allowance (that is to say, all cash payments, by whatever name called, paid to an employee on account of a rise in the cost of living), but does not include\u00a0(<em>i<\/em>)\u00a0\u00a0 any other allowance which the employee is for the time being entitled to;\u00a0(<em>ii<\/em>)\u00a0\u00a0 the value of any house accommodation or of supply of light, water, medical attendance or other amenity or of any service or of any concessional supply of foodgrains or other articles;\u00a0(<em>iii<\/em>)\u00a0\u00a0 any travelling concession;\u00a0(<em>iv<\/em>)\u00a0\u00a0 any bonus (including incentive, production and attendance bonus);\u00a0(<em>v<\/em>)\u00a0\u00a0 any contribution paid or payable by the employer to any pension fund or provident fund or for the benefit of the employee under any law for the time being in force;\u00a0(<em>vi<\/em>)\u00a0\u00a0 any retrenchment compensation or any gratuity or other retirement benefit payable to the employee or any <em>ex<\/em> <em>gratia<\/em> payment made to him;\u00a0(<em>vii<\/em>) any commission payable to the employee;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Payment of Bonus (Amendment) Act, 2015 received the assent of the President on 31st December, 2015 and was passed to amend <\/p>\n","protected":false},"author":3,"featured_media":29801,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14,4],"tags":[],"class_list":["post-32201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-legislationupdates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Payment of Bonus (Amendment) Act, 2015 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, 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Sonak, JJ stayed the retrospective applicability of the Payment of Bonus (Amendment) Act, 2015, as provided by Section 1 sub-clause (2)\u00a0 of the said Central Act, bearing in mind similar stays operative by the judgments of the Karnataka High\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/09\/Bombay-HC.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":294279,"url":"https:\/\/www.scconline.com\/blog\/post\/2023\/06\/09\/determination-of-gratuity-from-date-termination-of-employment-kerala-high-court\/","url_meta":{"origin":32201,"position":2},"title":"Gratuity determined as per date of termination of employment, not the date of sanction or actual disbursement: Kerala High Court","author":"Ridhi","date":"June 9, 2023","format":false,"excerpt":"Kerala High Court suggested the petitioner to choose between Payment of Gratuity Act, 1972 and Kerala State Housing Board Employees' (Pension and other Retirement Benefits) Regulations, 1990 for claim of gratuity or DCRG, since he cannot have gratuity under one with the ceiling limit payable under another Act.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"kerala high court","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/kerala-high-court.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/kerala-high-court.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/kerala-high-court.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2023\/06\/kerala-high-court.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":226894,"url":"https:\/\/www.scconline.com\/blog\/post\/2020\/03\/12\/monthly-wages-under-employees-compensation-act-1923-a-conundrum\/","url_meta":{"origin":32201,"position":3},"title":"Monthly Wages under Employees\u2019 Compensation Act, 1923 \u2014 A conundrum","author":"Bhumika Indulia","date":"March 12, 2020","format":false,"excerpt":"by Tushar K. Shah\u2020 and Itisha Khandelwal\u2020\u2020","rel":"","context":"In &quot;Op Eds&quot;","block_context":{"text":"Op Eds","link":"https:\/\/www.scconline.com\/blog\/post\/category\/op-ed\/legal-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/03\/minimum-wages.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/03\/minimum-wages.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/03\/minimum-wages.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/03\/minimum-wages.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/03\/minimum-wages.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":334219,"url":"https:\/\/www.scconline.com\/blog\/post\/2024\/10\/31\/definition-of-workman-industrial-disputes-act-supreme-court\/","url_meta":{"origin":32201,"position":4},"title":"Who is a \u201cWorkman\u201d? Supreme Court clarifies the definition in Industrial Disputes context","author":"Apoorva","date":"October 31, 2024","format":false,"excerpt":"Supreme Court noted that as per the employee in the case at hand, comes within the meaning of \u201cworkman\u201d as given in Section 2(s) of the I.D. Act and the management without following the legal procedure, relieved him from service abruptly and hence, the same is illegal termination.","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"Workmen under Industrial Disputes","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Workmen-under-Industrial-Disputes.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Workmen-under-Industrial-Disputes.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Workmen-under-Industrial-Disputes.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2024\/10\/Workmen-under-Industrial-Disputes.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":31091,"url":"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/30\/the-negotiable-instruments-amendment-act-2015\/","url_meta":{"origin":32201,"position":5},"title":"The Negotiable Instruments (Amendment) Act, 2015","author":"Sucheta","date":"December 30, 2015","format":false,"excerpt":"The Negotiable Instruments (Amendment) Act, 2015 though received the assent of the President on 26th December 2016, shall be deemed to have come into force on 15th June 2015 thereby giving retrospective effect to the enactment. The Act seeks to amend the Negotiable Instruments Act, 1881 and repeal The Negotiable\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4754.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/32201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=32201"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/32201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/29801"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=32201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=32201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=32201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}