Employers urged to clear bonus payments before festivals
Source: The Sangai Express
Imphal, October 18 2015:
The Office of the Deputy Labour Commissioner, Imphal West has apprised employers of factories, shops and other establishments to clear the bonus payment for employees for the accounting year 2014-15 as provided by section 8 and 19(b) of Payment of Bonus Act, 1965, within 8 months from 31-3-2015 to 30-11-2015 .
The minimum bonus amount under the said Act will be 8.33 percent of the salary earned by an employee during the accounting year 2014-15 and the maximum bonus will be 20 percent of the salary earned, a statement informed.
The office has further appealed to all the employers to clear the bonus payment on or before the ensuing Durga Asthami, Diwali and Ningol Chakkouba festivals failing of which it has warned of punishment by the Court with imprisonment for upto 6 months or a fine of Rs 1000 or both as provided by Section 28(B) of the Payment of Bonus Act.