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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 ...
Mar 13, 2012 · Eligibility of Bonus : An employee will be entitled only when he has worked for 30 working days in that year. Sec. 8. Payment of Minimum Bonus : 8.33% of the salary or Rs.100 (on completion of 5 years after 1st Accounting year even if there is no profit). Sec. 10. Eligible Employees: – Employees drawing wages upto Rs.10000/- per month or less.
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.
Eligibility: Employees drawing ₹21000 per month or less (basic + DA, excluding other allowances) and have completed 30 working days in that financial year are eligible for bonus payment.
Bonus Act Applicability. The Payment of Bonus Act, 1965 provides for a minimum bonus of 8.33 % of wages. Unless provided otherwise, the payment of bonus act shall apply to every: (a) factory worker and (b) a worker from other establishments in which 20 or more individuals are employed.
Sep 21, 2020 · Sub-clause (d) of section 14 of the Payment of Bonus Act provides that for the purpose of section 13 pertaining to proportionate reduction in bonus in certain cases, the employee who has been on maternity leave with salary, will be treated as if she is in the employment hence bonus will be payable. Sponsored.
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.
A Tripartite Commission was set by the Government of India by their resolution No.WB-20(9)/61, dated 6th December, 1961 to consider in a comprehensive manner, the question of payment of bonus based on profits to employees employed in establishments and to make recommendations to the Government.
3.2 Applicability of the Act. Unless it is provided otherwise in this Act, it shall apply to: . every factory; and . every other establishment in which 20 or more persons are employed on any day during an accounting year.
Applicability. Every factory and every other establishment in India in which 20 or more persons are employed on any day during an accounting year.
