Section 12:
Calculation of bonus with respect to certain employees.
1[12. Calculation of bonus with respect to certain employees.--Where the salary or wage of an
employee exceeds 2
[seven thousand rupees or the minimum wage for the scheduled employment, as
fixed by the appropriate Government, whichever is higher] per mensem, the bonus payable to such
employee under section 10 or, as the case may be, under section 11, shall be calculated as if his salary or wage were 3
[seven thousand rupees or the minimum wage for the scheduled employment, as fixed
by the appropriate Government, whichever is higher] per mensem.]
4
[Explanation.--For the purposes of this section, the expression "scheduled employment" shall
have the same meaning as assigned to it in clause (g) of section 2 of the Minimum Wages Act, 1948
(11 of 1948).]
Notes:
1. Ins. by Act 67 of 1985, s. 3 (w.e.f. 7-11-1985).
2. Subs. by Act 6 of 2016, s. 3, for "three thousand and five hundred rupees" (w.e.f. 1-4-2014).
3. Subs. by Act 6 of 2016, s. 3, for "three thousand and five hundred rupees" (w.e.f. 1-4-2014).
4. The Explanation inserted by s. 3, ibid. (w.e.f. 1-4-2014).