Act 21 of 1965

The Payment of Bonus Act, 1965

An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith.

  • Ministry of Labour and Employment
  • Enacted 1965-09-25
  • 41 sections
SectionTitle
1 Short title, extent and application. Read
2 Definitions. Read
3 Establishments to include departments, undertakings and branches. Read
4 Computation of gross profits. Read
5 Computation of available surplus. Read
6 Sums deductible from gross profits. Read
7 Calculation of direct tax payable by the employer. Read
8 Eligibility for bonus. Read
9 Disqualification for bonus. Read
10 Payment of minimum bonus. Read
11 Payment of maximum bonus. Read
12 Calculation of bonus with respect to certain employees. Read
13 Proportionate reduction in bonus in certain cases. Read
14 Computation of number of working days. Read
15 Set on and set off of allocable surplus. Read
16 Special provisions with respect to certain establishments. Read
17 Adjustment of customary or interim bonus against bonus payable under the Act. Read
18 Deduction of certain amounts from bonus payable under the Act. Read
19 Time-limit for payment of bonus. Read
20 Application of Act to establishments in public sector in certain cases. Read
21 Recovery of bonus due from an employer. Read
22 Reference of disputes under the Act. Read
23 Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies. Read
24 Audited accounts of banking companies not to be questioned. Read
25 Audit of accounts of employers, not being corporations or companies. Read
26 Maintenance of registers, records, etc. Read
27 Inspectors. Read
28 Penalty. Read
29 Offences by companies. Read
30 Cognizance of offences. Read
31 Protection of action taken under the Act. Read
31A Special provision with respect to payment of bonus linked with production or productivity. Read
32 Act not to apply to certain classes of employees. Read
33 [Repealed.]. Read
34 Effect of laws and agreements inconsistent with the Act. Read
35 Saving. Read
36 Power of exemption. Read
37 [Repealed.]. Read
38 Power to make rules. Read
39 Application of certain law not barred. Read
40 Repeal and saving. Read
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