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Payment of Bonus Act, 1965

[Act No. 21 of Year 1965, dated 25th. September, 1965]

Contents
Sections Particulars
1 Short title, extent and application
2 Definitions
3 Establishments to include departments, undertakings and branches
4 Computation of gross profits
5 Computation of available surplus
6 Sums deductible from gross profits
7 Calculation of direct tax payable by the employer
8 Eligibility for bonus
9 Disqualification for bonus
10 Payment of minimum bonus
11 Payment of maximum bonus
12 Calculation of bonus with respect to certain employees
13 Proportionate deduction in bonus in certain cases
14 Computation of number of working days
15 Set on and set off of allocable surplus
16 Special provisions with respect to certain establishments
17 Adjustment of customary or interim bonus against bonus payable under the Act
18 Deduction of certain amounts from bonus payable under the Act
19 Time-limit for payment of bonus
20 Application of Act to establishments in public sector in certain cases
21 Recovery of bonus due from an employer
22 Reference of disputes under the Act
23 Presumption about accuracy of balance sheet and profit and loss account of corporations and companies
24 Audited accounts of banking companies not to be questioned
25 Audit of accounts of employers, not being corporations or companies
26 Maintenance of registers, records, etc.
27 Inspectors
28 Penalty
29 Offences by companies
30 Cognizance of offences
31 Protection of action taken under the Act
31A Special provision with respect to payment of bonus linked with production or productivity
32 Act not to apply to certain classes of employees
33 Act to apply to certain pending disputes regarding payment of bonus
34 Effect of laws and agreements inconsistent with the Act
35 Saving
36 Power of exemption
37 Power to remove difficulties
38 Power to make rules
39 Application of certain laws not barred
40 Repeal and saving
Schedule The First Schedule
  The Second Schedule
  The Third Schedule
  The Fourth Schedule

1[An Act to provide for the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matters connected therewith]

Be it enacted by Parliament in the Sixteenth Year of the Republic of India as follows,-



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