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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 ...
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This web page contains the full text of the Payment of Bonus Act, 1965, which regulates the payment of bonus to workers in certain establishments in India. It includes the arrangement of sections, the definitions, the eligibility and calculation of bonus, and the special provisions for different types of establishments.
13 Μαρ 2012 · Learn about the applicability, computation, components, eligibility and payment of bonus under the Payment of Bonus Act, 1965. The Act covers factories and establishments with certain criteria and excludes some categories of employees.
Learn about the history, scope, objective, and eligibility for bonus under the Payment of Bonus Act, 1965. The Act covers any establishment with 20 or more employees and prescribes the minimum and maximum rates of bonus based on profits or production.
10 Νοε 2014 · Find the official documents of the Payment of Bonus Act, 1965 and its amendments, rules and corrigenda. The Act regulates the payment of bonus to eligible employees in certain establishments.
3.2 Applicability of the Act. Unless it is provided otherwise in this Act, it shall apply to: . every factory; and . every other establishment in which 20 or more persons are employed on any day during an accounting year.
Learn about the applicability, rules, and notifications of the Payment of Bonus Act, 1965, which provides for the payment of bonus to employees based on profits, production, or productivity. Find out the eligibility criteria, forms, and amendments of the act.
