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The Payment of Bonus Act, 1965

The Payment of Bonus Act, 1965





1 Shot title, extent and application
2 Definitions
3 Establishments to include departments, undertakings and branches
4 Computation of gross profits
5 Computation of available surplus
6 Sums deductible from gross profits
7 Calculation of direct tax payable by the employer
8 Eligibility for bonus
9 Disqualification for bonus
10 Payment of minimum bonus
11 Payment of maximum bonus
12 Calculation of bonus with respect to certain employees
13 Proportionate reduction in bonus in certain cases
14 Computation of number of working days
15 Set-on and set-off of allocable surplus
16 Special provisions with respect to certain establishments
17 Adjustment of customary or interim bonus against bonus payable under the Act.
18 Deduction of certain amounts from bonus payable under the Act
19 Time-limit for payment of bonus
20 Application of Act to establishments in public sector in certain cases
21 Recovery of bonus due from an employer
22 Reference of dispute under this Act
23 Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies
24 Audited accounts of banking companies not to be questioned
25 Audit of accounts of employers, not being corporations or companies
26 Maintenance of registers, records, etc.
27 Inspectors
28 Penalty
29 Offences by companies
30 Cognizance of offences
31 Protection of action taken under the Act
31A Special provision with respect to payment of bonus linked with production or productivity
32 Act not to apply to certain classes of employees
33 [Repealed]
34 Employees and employers not to be precluded from entering into agreements for grant of bonus under a different formula
34A Effect of laws and agreements inconsistent with the Act
35 Saving
36 Power of exemption
37 [Repealed]
38 Power to makes rules
39 Application of certain laws not barred
40 Repeal and saving
  The First Schedule
  The Second Schedule
  The Third Schedule
  The Fourth Schedule
Rules Introduction
1 Short title and commencement
2 Definitions
3 Authority for granting permission for change of accounting year
4 Maintenance of registers
5 Annual returns


Indian Laws – Bare Acts

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