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Payment of Bonus Act, 1965 Complete Act - Bare Act

StateCentral Government
Year
Act Info:
Preamble1 - THE PAYMENT OF BONUS ACT, 1965
Section1 - Short title, extent and application
Section2 - Definitions
Section3 - Establishments to include departments, undertakings and branches
Section4 - Computation of gross profits
Section5 - Computation of available surplus
Section6 - Sums deductible from gross profits
Section7 - Calculation of direct tax payable by the employer
Section8 - Eligibility for bonus
Section9 - Disqualification for bonus
Section10 - Payment of minimum bonus
Section11 - Payment of maximum bonus
Section12 - Calculation of bonus with respect to certain employees
Section13 - Proportionate reduction in bonus in certain cases
Section14 - Computation of number of working days
Section15 - Set on and set off of allocable surplus
Section16 - 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Section33 - Act to apply to certain pending disputes regarding payment of bonus [Repealed]
Section34 - Effect of laws and agreements inconsistent with the Act
Section35 - Saving
Section36 - Power of exemption
Section37 - Power to remove difficulties [Repealed]
Section38 - Power to make rules
Section39 - Application of certain law not barred
Section40 - Repeal and saving
Schedule1 - THE FIRST SCHEDULE
Schedule2 - THE SECOND SCHEDULE
Schedule3 - THE THIRD SCHEDULE
Schedule4 - THE FOURTH SCHEDULE
Amending Act1 - PAYMENT OF BONUS (AMENDMENT) ACT 2007


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