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[10. Payment of minimum bonus.--Subject to the other provisions of this Act, every employer
shall be bound to pay to every employee in respect of the accounting year commencing on any day in
the year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall
be 8.33 per cent. of the salary of wage earned by the employee during the accounting year or one
hundred rupees, whichever is higher, whether or not the employer has any allocable surplus in the
accounting year:
Provided that where an employee has not completed fifteen years of age at the beginning of the accounting year, the provisions of this section shall have effect in relation to such employees as if for the words "one hundred rupees", the words "sixty rupees" were substituted.]
Provided that where an employee has not completed fifteen years of age at the beginning of the accounting year, the provisions of this section shall have effect in relation to such employees as if for the words "one hundred rupees", the words "sixty rupees" were substituted.]
1. Subs. by s. 6, ibid., for section 10 (w.e.f. 21-8-1980).