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[25th September, 1965.] 2[An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith.] BE it enacted by Parliament in the Sixteenth Year of the Republic of India as follows:— 1. Short title, extent and application.—(1) This Act may be called the Payment of Bonus Act, 1965.
The Payment of Bonus Act, 1965 provides for a minimum bonus of 8.33 percent of wages. The salary limited fixed for eligibility purposes is Rs. 3,500 per month and the payment is subject to the stipulation that the bonus payable to employees drawing wages or salary not exceeded to Rs.10000 per month would be calculated as if their salary or ...
The Payment of Bonus Act, 1965. [Sec. 1. any day in the year 1968 and every subsequent accounting year, shall, in relation to such establishment or class of establishments, be construed as a reference to the ilCCounting year specified in such notification and every subsequent i.1Ccounting year.]
The Payment of Bonus Act of 1965 imposes a contractual obligation on employers to pay bonuses to employees in proportion to the resources available for the establishment's smooth functioning.
Nov 10, 2014 · Payment of Bonus (Amendment) Rules, 2019. Download (301.33 KB) The Ministry of Labour & Employment is one of the oldest and important Ministries of the Government of India.|Government of India.
An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith. Ministry: Ministry of Labour and Employment
THE PAYMENT OF BONUS ACT, 1965. ACT NO. 21 OF 1965. [25th September, 1965.] 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.]
