The Payment of Bonus Act, 1965
12. Calculation of bonus with respect to certain employees –
Where the salary or wage of an employee exceeds one thousand and six hundred rupees per mensem, the bonus payable to such employee under Sec.10, or as the case may be, under Sec.11, shall be calculated as if his salary or wage were one thousand and six hundred rupees per mensem.
The Payment of Bonus Act, 1965
