Payment of Bonus Act, 1965 Payment of Bonus Act, 1965 Payment of Bonus Act, 1965
 
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Payment of Bonus Act, 1965

 

Sections

Payment of Bonus Act, 1965

 

Preamble

   
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

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.

[Repealed.]

34.

Effect of laws and agreements inconsistent with the Act

35.

Saving

36.

Power of exemption

37.

[Repealed.]

38.

Power to make rules

39.

Application of certain laws not barred

40.

Repeal and saving

 

 

 

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Payment of Bonus Act, 1965

 

 

 

 

 

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