PAYMENT OF BONUS ACT
1965
- 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 reduction 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
- 31-A. 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