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2[An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith.] BE it enacted by Parliament in the Sixteenth Year of the Republic of India as follows:— 1. Short title, extent and application.—(1) This Act may be called the Payment of Bonus Act, 1965.
30 Αυγ 2021 · Calculation for Bonus payable: (i) If the Monthly basic salary is equal to or less than 21000 , then bonus will be calculated on the actual amount using formula : Step 1. minimum wages of state as per employee skill category and 7000 which ever is lower;
The Payment of Bonus Act, 1965 provides for a minimum bonus of 8.33 percent of wages. The salary limited fixed for eligibility purposes is Rs. 3,500 per month and the payment is subject to the stipulation that the bonus payable to employees drawing wages or salary not exceeded to Rs.10000 per month would be calculated as if their salary or ...
Form D - Annual Return Bonus Paid to Employees. Every employer shall send a return in the given format to the Inspector so as to reach him/her within 30 days after the expiry of the time limit specified in Section 19 of the Payment of Bonus Act.
29 Μαΐ 2023 · The payment of Bonus Act provides for payment of bonus to persons employed in certain establishments of the basis of profits or on the basis of production or productivity and for matters connected therewith.
impose a statutory obligation on an employer of every establishment covered by the Act to pay bonus to employees in the establishment; lay down principle and formula for calculation of bonus; provide for payment of minimum and maximum bonus and linking the payment of bonus with the scheme of set-on and set-off; and.
10 Νοε 2014 · The Payment of Bonus Rules, 1975: Download(33.4 KB) 3: Payment of Bonus (Amendment) Ordinance, 2007: Download(38.37 KB) 4: The Payment of Bonus(Amendment) Act, 2007: Download(43.71 KB) 5: Payment of Bonus (Amendment) Rules, 2014: Download(401.02 KB) 6: Corrigendum in the Notification No.784(E) dated 10.11.2014: Download(97.57 KB) 7: The Payment ...