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Section 18 – The Payment of Bonus Act, 1965

The Payment of Bonus Act, 1965

 

18. Deduction of certain amounts from bonus payable under the Act. –

 

Where in any accounting year, an employee is found guilty of misconduct causing financial loss to the employer, then, it shall, be lawful for the employer to deduct the amount of loss from the amount of bonus payable by him to the employee under this Act in respect of that accounting year only and the employee shall be entitled to receive the balance, if any.

 

 

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The Payment of Bonus Act, 1965

 

Indian Laws – Bare Acts

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