The Payment of Bonus (Amendment) Act, 2015

The Payment of Bonus (Amendment) Act, 2015, has made the following enhancements:

  • The eligibility wage limit of Rs 10,000 per month, has been increased to Rs 21,000 per month. This means that employees whose Basic + DA, is less than or equal to Rs 21,000, are now eligible for a bonus.

  • The maximum amount that an employee can get as a bonus, has been changed from Rs. 3,500 to Rs.7,000 or the minimum wage for the scheduled employment (whichever is higher).

To know more about the Act and related information, Click here.

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