Payment of bonus out of allocable surplus
Section 31 of the Code on Wages, 2019 deals with payment of bonus out of allocable surplus. The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent. The Act was enacted on 08 Aug 2019.
(1) The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent. in case of a banking company and sixty-seven per cent. in case of other establishment, of the available surplus and the available surplus shall be the amount calculated in accordance with section 33.
(2) Audited accounts of companies shall not normally be questioned.
(3) Where there is any dispute regarding the quantum of bonus, the authority notified by the appropriate Government having jurisdiction may call upon the employer to produce the balance sheet before it, but the authority shall not disclose any information contained in the balance sheet unless agreed to by the employer.
Section 31, The Code on Wages, 2019 (Act 29 of 2019).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
This section refers to
Questions about Section 31
What does Section 31 of the Code on Wages deal with?
Section 31 of the Code on Wages is headed "Payment of bonus out of allocable surplus". The bonus shall be paid out of the allocable surplus which shall be an amount equal to sixty per cent.
How do I find court cases under Section 31 of the Code on Wages?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Code on Wages 2019 31, section 31 Code on Wages 2019, section 31 of the Code on Wages. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 31 of the Code on Wages, and has it changed?
Its own text turns on section 33 (Computation of available surplus), so none of them can safely be read on its own.
When was Section 31 of the Code on Wages enacted?
Section 31 of the Code on Wages, cited as Code on Wages 2019 31, was enacted on 08 Aug 2019 as Act 29 of 2019. It is in force as at the date shown on this page.
Other sections of this Act
- 2. Definitions1802 words
- 67. Power of appropriate Government to make rules1008 words
- 18. Deductions which may be made from wages883 words
- 26. Eligibility for bonus, etc843 words
- 42. Central Advisory Board and State Advisory Boards663 words
- 51. Appointment of Inspector-cum-Facilitators and their powers456 words
Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Text as in force on 15 Oct 2026. This page is not a substitute for legal advice.