Home India Ministry of Labour and Employment Whereas a draft of the Payment of Bonus Amendment Rules 2016...
Date: 2016-12-06 Category: Extra Ordinary State: Union Government Country: India

Whereas a draft of the Payment of Bonus Amendment Rules 2016 further to amend the Payment of Bonus Rules 1975

Issued by Ministry of Labour and Employment · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This notification from the Ministry of Labour and Employment announces the Payment of Bonus Amendment Rules, 2016. These rules amend the Payment of Bonus Rules, 1975, in exercise of powers conferred by section 38 of the Payment of Bonus Act, 1965. The amendment comes into force on the date of its publication in the Official Gazette. Key Points / Main Content: * **Amendment Title and Effective Date:** * The rules are called the Payment of Bonus Amendment Rules, 2016. * The rules come into force on the date of their publication in the Official Gazette. * **Amendment to Payment of Bonus Rules, 1975:** * In the Payment of Bonus Rules, 1975, rule 5, subrule 1, the proviso shall be omitted. Impact Analysis: * **Central Government:** * Impact: The Central Government is responsible for implementing and enforcing the amended rules. * Action Required: Ensure the amended rules are properly published and disseminated. * **Employers:** * Impact: Employers need to comply with the amended Payment of Bonus Rules, 2016. * Action Required: Review and adjust bonus payment practices to align with the new rules, specifically regarding the omitted proviso in Rule 5, Subrule 1 of the Payment of Bonus Rules, 1975. * **Employees:** * Impact: Employees' bonus entitlements are affected by the changes to the Payment of Bonus Rules. * Action Required: Be aware of the changes to bonus payment rules.

Key Entities Referenced

Payment of Bonus Amendment Rules, 2016: Amendment rules related to the Payment of Bonus Act. Payment of Bonus Rules, 1975: The principal rules that are being amended. Payment of Bonus Act, 1965: The Act under which the Payment of Bonus Rules are made. Ministry of Labour and Employment: The government ministry responsible for the notification. New Delhi: Location of the notification. Official Gazette: The official publication in which the rules are published. D. CHAUDHURI: Dy. Director General Mayapuri, New Delhi: Location of Dte. of Printing
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