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 18: Deduction of certain amounts from bonus payable under the Act.
    Where in any accounting year, an employee is found guilty of misconduct causing financial loss to the employer, then, it shall be lawful for the employer to deduct the amount of loss from the amount of bonus payable by him to the employee under this Act in respect of that accounting year only and the employee shall be entitled to receive the balance, if any
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