Bare Acts

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.

बोनस संदाय अधिनियम, 1965

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Act Details

Act Number:

Act Year:

1965

Location:

Enactment Date:

9/25/1965

Enforcement Date:

25-09-1965

Ministry:

Ministry of Labour and Employment

All Section List

Section 1 to Section 40

Section 1

Short title, extent and application.

Section 2

Definitions.

Section 3

Establishments to include departments, undertakings and branches.

Section 4

Computation of gross profits.

Section 5

Computation of available surplus.

Section 6

Sums deductible from gross profits.

Section 7

Calculation of direct tax payable by the employer.

Section 8

Eligibility for bonus.

Section 9

Disqualification for bonus.

Section 10

Payment of minimum bonus.

Section 11

Payment of maximum bonus.

Section 12

Calculation of bonus with respect to certain employees.

Section 13

Proportionate reduction in bonus in certain cases.

Section 14

Computation of number of working days.

Section 15

Set on and set off of allocable surplus.

Section 16

Special provisions with respect to certain establishments.

Section 17

Adjustment of customary or interim bonus against bonus payable under the Act.

Section 18

Deduction of certain amounts from bonus payable under the Act.

Section 19

Time-limit for payment of bonus.

Section 20

Application of Act to establishments in public sector in certain cases.

Section 21

Recovery of bonus due from an employer.

Section 22

Reference of disputes under the Act.

Section 23

Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies.

Section 24

Audited accounts of banking companies not to be questioned.

Section 25

Audit of accounts of employers, not being corporations or companies.

Section 26

Maintenance of registers, records, etc.

Section 27

Inspectors.

Section 28

Penalty.

Section 29

Offences by companies.

Section 30

Cognizance of offences.

Section 31

Protection of action taken under the Act.

Section 31A

Special provision with respect to payment of bonus linked with production or productivity.

Section 32

Act not to apply to certain classes of employees.

Section 33

[Repealed.].

Section 34

Effect of laws and agreements inconsistent with the Act.

Section 35

Section 36

Section 37

Section 38

Section 39

Application of certain law not barred.

Section 40

Repeal and saving.