payment of bonus

Cash dividend no longer the king

Income Tax - The corporates today are rewarding their shareholders in various fashionable ways like Bonus shares (equity and preference shares), bonus debentures, buyback, etc. These modes of distribution could prove to be more efficient than conventional method of distribution i.e. cash dividend....

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Major Achievements of Ministry of Labour & Employment for 2016

Income Tax - The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker....

Read More

More and more companies announcing bonus shares to stakeholders

Income Tax - It’s raining bonus shares on Dalal Street, with nearly two dozen companies offering free shares to their stakeholders in the past few weeks. Apart from leading companies like ITC, Edelweiss Capital and state-owned MMTC, the list includes many other relatively small- and medium-sized companies across sectors....

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Kerala HC stays Retrospective Provisions of Payment of Bonus (Amendment) Act, 2015

United Planters Association of Southern India Vs UOI (Kerala High Court) - Hon'ble Kerala High Court in the case of The United Planters Association of Southern India Vs. Union of India, Stayed the Operation and Implementation of Payment of Bonus (Amendment) Act, 2015 to the extent the same gives retrospective from 01.04.2014...

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No Enhancement of rate of bonus payable to Casual labourers

Notification No.S-33027/3/2016 -WB - (02/05/2017) - I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of Personnel & Training, New Delhi on the subject mentioned above and to inform you on receipt of your request through the Department of Personnel & Training, the case was r...

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Government amends monthly bonus calculation ceiling to Rs 7,000

NO. 6 OF 2016 - (01/01/2016) - for the words three thousand and five hundred rupees at both the places where they occur, the words seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher shall respectively be substituted;...

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Maharashtra mandates payment of bonus only through cheques/banks

DGIPR/2010-11/1446 - (17/09/2010) - PUBLIC NOTICE Department of Labour Government of Maharashtra Maharashtra mandates payment of bonus only through cheques/banks The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account on...

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Recent Posts in "payment of bonus"

Cash dividend no longer the king

The corporates today are rewarding their shareholders in various fashionable ways like Bonus shares (equity and preference shares), bonus debentures, buyback, etc. These modes of distribution could prove to be more efficient than conventional method of distribution i.e. cash dividend....

Read More
Posted Under: Income Tax |

No Enhancement of rate of bonus payable to Casual labourers

Notification No.S-33027/3/2016 -WB (02/05/2017)

I am directed to refer to your letter Reference No. Confdn/Casual Labour/2015-19 dated 29th June, 2016 addressed to Department of Personnel & Training, New Delhi on the subject mentioned above and to inform you on receipt of your request through the Department of Personnel & Training, the case was referred to the Ministry of Finance, Depa...

Read More

Major Achievements of Ministry of Labour & Employment for 2016

The Ministry of Labour and Employment is committed towards job security, wage security and social security for each and every worker....

Read More
Posted Under: Income Tax |

Kerala HC stays Retrospective Provisions of Payment of Bonus (Amendment) Act, 2015

United Planters Association of Southern India Vs UOI (Kerala High Court)

Hon'ble Kerala High Court in the case of The United Planters Association of Southern India Vs. Union of India, Stayed the Operation and Implementation of Payment of Bonus (Amendment) Act, 2015 to the extent the same gives retrospective from 01.04.2014...

Read More

Government amends monthly bonus calculation ceiling to Rs 7,000

NO. 6 OF 2016 (01/01/2016)

for the words three thousand and five hundred rupees at both the places where they occur, the words seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher shall respectively be substituted;...

Read More

Maharashtra mandates payment of bonus only through cheques/banks

DGIPR/2010-11/1446 (17/09/2010)

PUBLIC NOTICE Department of Labour Government of Maharashtra Maharashtra mandates payment of bonus only through cheques/banks The Government of Maharashtra vide ordinance from the Labour Department dated 17.09.2010 has mandated payment of bonus to all workers/employees through cheque/bank account only. The employers should, therefore, imm...

Read More

More and more companies announcing bonus shares to stakeholders

It’s raining bonus shares on Dalal Street, with nearly two dozen companies offering free shares to their stakeholders in the past few weeks. Apart from leading companies like ITC, Edelweiss Capital and state-owned MMTC, the list includes many other relatively small- and medium-sized companies across sectors....

Read More
Posted Under: Income Tax |

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