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Payment of Bonus Act, 1965

12. Calculation of bonus with respect to certain employees

Where the salary or wages of an employee exceeds two thousand and five hundred rupees per mensem , the bonus payable to such employee under section 10 or, as the case may be, under section 11, shall be calculated as if his salary or wages were 14[two thousand and five hundred rupees] per mensem .]

Payment of Bonus Act, 1965 Back

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