The amended Payment of Bonus Act was notified on 1st January, 2016 and was intended to kick in with retrospective effect from 1st April 2014. The Act provides a statutory right to employees of an establishment to share the profits of his/her employer.
Whereas various High Courts have stayed the retrospective implementation of the recently amended Payment of Bonus Act, please advise update status in the State of Haryana. Do we need to pay arrear of bonus with retrospective effect 01-April-2014, if yes, by when this has to be paid.
Regards,
Ashwani Rustagi
9810013724