Act Number: 21

Act Name: The Payment of Bonus Act, 1965

Year: 1965

Enactment Date: 1965-09-25

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

Ministry: Ministry of Labour and Employment

Department:

Section 13: Proportionate reduction in bonus in certain cases.
    1[13. Proportionate reduction in bonus in certain cases.--Where an employee has not worked for all the working days in an accounting year, the minimum bonus of one hundred rupees or, as the case may be, of sixty rupees, if such bonus is higher than 8.33 per cent. of his salary or wage for the days he has worked in that accounting year, shall be proportionately reduced.]
Notes:
1. Subs. by Act 66 of 1980, s. 8, for section 13 (w.e.f. 21-8-1980).
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