TypeBare Act JurisdictionChandigarh Government Enacted2019

The Code on Wages Section 31

(1) The bonus shall be paid out of the allocable surplus which shall be an amount bonus out of

Section Text

equal to sixty per cent. in case of a banking company and sixty-seven per cent. in case of allocable other establishment, of the available surplus and the available surplus shall be the amount surplus. calculated in accordance with section