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Bonus in india assumes different meaning altogether If you read the basic act and you can get thoroughly confused. Age old laws with plenty of amendments , court rulings brought more confusion to the legal status and interpretation yet every personnel, hr manager grapples with it. Here is attempt tp update with easy to read form
Amendments to Payment of Bonus Act --
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Bonus in india assumes different meaning altogether If you read the basic act and you can get thoroughly confused. Age old laws with plenty of amendments , court rulings brought more confusion to the legal status and interpretation yet every personnel, hr manager grapples with it. Here is attempt tp update with easy to read form
Amendments to Payment of Bonus Act --
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The Key Changes in The Payment of Bonus (Amendment),Act 2015 (a) The official amendment provides that the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015. (b) The employee’s eligibility limit enhanced from Salary of Rs.10000/- Per Month to Rs.21000/- Per Month w.e.f. 1st April 2014. (c) The BONUS calculation ceiling limit enhanced from Rs.3500/- Per Month to Rs.7000/- Per Month or the minimum wages for the scheduled employment, as fixed by the appropriate Government, whichever is higher w.e.f. 1st April 2014. The official amendment provides that the benefits of the Act would be deemed to have come into force on April 1, 2014, instead of April 1, 2015.
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Dear Seniors & Friends, Sharing the PPT on "Employee's State Insurance Act 1948" of India. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same. Regards, Anshu Shekhar Singh M: 9999 844 355
PPT on "Employee's State Insurance Act 1948" of India.
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Dear Seniors & Friends, Sharing the PPT on "Employee's State Insurance Act 1948" of India. Kindly have a look on the Same & Share your valuable feedback & suggestion. If you found any mistake kindly update me for the modification the same. Regards, Anshu Shekhar Singh M: 9999 844 355
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1.
2.
NehaSahi
3.
4.
5.
Facilitating opening of
depository accounts
6.
Getting permission to
offer shares to those employed in its subsidiaries.
7.
8.
Wages
9.
Benefits: provident fund,
ESI, holidays, hours of work etc.
10.
But not security
of tenure.
11.
12.
Wages
13.
Contributions towards social
security schemes
14.
Other benefits
15.
16.
Terminate employment for
non-performers.
17.
Tie promotions to
output.
18.
19.
Coaching programme.
20.
Change in job
profile.
21.
Bank plans to
hire 1000 more staff.
22.
Bank’s HR policies
are changing after recommendations from:
23.
Cerebrus Consultants.
24.
25.
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