The Payment of Bonus Act, 1965

Preamble

THE PAYMENT OF BONUS ACT, 1965 ARRANGEMENT OF SECTIONS SECTIONS 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. Code 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 [Repealed.] 34.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 [Repealed.] 38.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 law not barred. SECTIONS 40. Repeal and saving. THE FIRST SCHEDULE. THE SECOND SCHEDULE. THE THIRD SCHEDULE. THE FOURTH SCHEDULE. IndiaCode THE PAYMENT OF BONUS ACT, 1965 ACT NO. 21 OF 19651 [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 :-

Sections

Type to filter. 34 sections.

1. 1Short title, extent and application
2. 2
3. 3
4. 4
5. 5
6. 6
7. 7
8. 8Eligibility for bonus
9. 9Disqualification for bonus
10. 11Payment of maximum bonus
11. 14Computation of number of working days
12. 16Special provisions with respect to certain establishments
13. 17Adjustment of customary or interim bonus against bonus payable under the Act
14. 18Deduction of certain amounts from bonus payable under the Act
15. 19Time-limit for payment of bonus
16. 20Application of Act to establishments in public sector in certain cases
17. 21Recovery of bonus due from an employer
18. 22Reference of disputes under the Act
19. 23
20. 25Audit of accounts of employers, not being corporations or companies
21. 26Maintenance of registers, records, etc
22. 27Inspectors
23. 28Penalty
24. 29Offences by companies
25. 30Cognizance of offences
26. 31Protection of action taken under the Act
27. 32Act not to apply to certain classes of employees
28. 33
29. 35Saving
30. 36Power of exemption
31. 37
32. 38Power to make rules
33. 39Application of certain law not barred
34. 40Repeal and saving