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Title: Payment of Bonus Act, 1965
State: Central
Year: 1965
.....- Special provisions with respect to certain establishments Section17 - Adjustment of customary or interim bonus against bonus payable under the Act Section18 - Deduction of certain amounts from bonus payable under the Act Section19 - Time-limit for payment of bonus Section20 - Application of Act to establishments in public sector in certain cases Section21 - Recovery of bonus due from an employer Section22 - Reference of disputes under the Act Section23 - Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies Section24 - Audited accounts of banking companies not to be questioned Section25 - Audit of accounts of employers, not being corporations or companies Section26 - Maintenance of registers, records, etc Section27 - Inspectors Section28 - Penalty Section29 - Offences by companies Section30 - Cognizance of offences Section31 - Protection of action taken under the Act Section31A - Special provision with respect to payment of bonus linked with production or productivity Section32 - Act not to apply to certain classes of employees Section33 - Act to apply to certain pending disputes regarding payment of bonus.....
List Judgments citing this sectionPayment of Bonus Act, 1965 Section 17
Title: Adjustment of Customary or Interim Bonus Against Bonus Payable Under the Act
State: Central
Year: 1965
Whether in any accounting year (a) an employer has paid any puja bonus or other customary bonus to an employee; or (b) an employer has paid a part of the bonus payable under this Act to an employee before the date on which such bonus becomes payable, then, the employer shall be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Act in respect of that accounting year and the employee shall be entitled to receive only the balance.
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 31A
Title: Special Provision with Respect to Payment of Bonus Linked with Production or Productivity
State: Central
Year: 1965
.....shall be entitled to receive bonus due to them under such agreement or settlement, as the case may be: 2 [Provided that any such agreement or settlement whereby the employees relinquish their right to receive the minimum bonus under section 10 shall be null and void in so far as it purports to deprive them of such right:] 3 [Provided further that] such employees shall not be entitled to be paid such bonus in excess of twenty per cent, of the salary or wage earned by them during the relevant accounting year. _______________________ 1. Inserted by Act 23 of 1976, section 19 (w.r.e.f 25-9-1975). 2. Inserted by Act 66 of 1980, section 17 (w.r.e.f. 21-8-1980). 3. Substituted by Act 66 of 1980, section 17, for "Provided that" (w.r.e.f 21-8-1980).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 11
Title: Payment of Maximum Bonus
State: Central
Year: 1965
1 [11. Payment of maximum bonus (1) Where in respect of any accounting year referred to in section 10, the allocable surplus exceeds the amount of minimum bonus payable to the employees under that section, the employer shall, in lieu of such minimum bonus, be bound to pay to every employee in respect of that accounting year bonus which shall be an amount in proportion to the salary or wage earned by the employee during the accounting year subject to a maximum of twenty per cent, of such salary or wage. (2) In computing the allocable surplus under this section, the amount set on or the amount set off under the provisions of section 15 shall be taken into account in accordance with the provisions of that section.] _____________________ 1. Section 11 omitted by Act 23 of 1976, Section 8 (w.r.e.f. 25-9-1975) and inserted by Act 66 of 1980, Section 6 (w.r.e.f. 21-8-1980).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 12
Title: Calculation of Bonus with Respect to Certain Employees
State: Central
Year: 1965
1 [12. Calculation of bonus with respect to certain employees Where the salary or wage of an employee exceeds 3[ 2[three thousand and five hundred rupees] per mensem, the bonus payable to such employee under section 10 or, as the case may be, under section 11, shall be calculated as if his salary or wage were 3[ 2[three thousand and five hundred rupees] per mensem.] _______________________ 1. Section 12 omitted by Act 30 of 1985, Section 2 and Inserted by Act 67 of 1985, Section 3 (w.r.e.f. 7-11-1985). 2. Substituted by Act 34 of 1995, Section 3, for 'one thousand and six hundred rupees' (w.r.e.f. 1-4-1993). 3. Substituted by the Payment of Bonus Amendment (Amendment) Act, 2007 [Act No. 45 of 2007] for the words "two thousand and five hundred rupees" (w.r.e.f. 01.04.2006).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 13
Title: Proportionate Reduction in Bonus in Certain Cases
State: Central
Year: 1965
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.] ______________________ 1. Substituted by Act 66 of 1980, Section 8, for section 13 (w.r.e.f. 21-8-1980).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Preamble 1
Title: The Payment of Bonus Act, 1965
State: Central
Year: 1965
THE PAYMENT OF BONUS ACT, 1965 [Act, No. 21 of 1965]1 [25th September, 1965] PREAMBLE 2 [An Act to provide for the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matters connected therewith.] be it enacted by Parliament in the Sixteenth Year of the Republic of India as follows: - ________________________________ 1. The Act has been extended to Goa, Daman and Diu by Act 6 of 1977, section 2 and schedule. 2. Substituted by Act 23 of 1976, Section 2, for the long title (w.r.e.f 25-9-1975).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 10
Title: Payment of Minimum Bonus
State: Central
Year: 1965
1 [ 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 or wage earned by the employee during the accounting year or one hundred rupees, whichever is hi gher, 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 employee as if for the words "one hundred rupees", the words "sixty rupees" were substituted.] ___________________________ 1. Section 10 Substituted by Act 23 of 1976, Section 7 (w.r.e.f. 25-9-1975) and again Substituted by Act 66 of 1980, Section 6 (w.r.e.f 21-8-1980).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 19
Title: Time-limit for Payment of Bonus
State: Central
Year: 1965
.....year: Provided that the appropriate Government or such authority as the appropriate Government may specify in this behalf may, upon an application made to it by the employer and for sufficient reasons, by order, extend the said period of eight months to such further period or periods as it thinks fit; so, however, that the total period so extended shall not in any case exceed two years. 2 [***] 3 [***] _____________________________ 1. Substituted by Act 23 of 1976, Section 13, for ("1) Subject to the provisions of this section all amounts" (w.r.e.f. 25-9-1975). 2. Subs-section (2) to (7) Inserted by Act 68 of 1972, Section 4 (w.e.f. 19-12-1972) and omitted by Act 23 of 1976, Section 13 (w.r.e.f. 25-9-1975). 3. Sub-section (8) Inserted by Act 39 of 1973, Section 4 (w.e.f. 1-9-1973) and omitted by Act 55 of 1973, Section 2 (w.r.e.f. 1-9-1973).
View Complete Act List Judgments citing this sectionPayment of Bonus Act, 1965 Section 21
Title: Recovery of Bonus Due from an Employer
State: Central
Year: 1965
.....that every such application shall be made within one year from the date on which the money became due to the employee from the employer: Provided further that any such application may be entertained after the expiry of the said period of one year, if the appropriate Government is satisfied that the applicant had sufficient cause for not making the application within the said period. Explanation -In this section and in1[sections 22 , 23 , 24 and 25 ], "employee" includes a person who is entitled to the payment of bonus under this Act but who is no longer in employment. _________________________ 1. Substituted by Act 66 of 1980, section 12, for "sections 22, 23 and 25" (w.r.e.f. 21-8-1980).
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