Payment of Bonus Act

GPTKB entity

Statements (48)
Predicate Object
gptkbp:instanceOf Indian legislation
gptkbp:administeredBy gptkb:Ministry_of_Labour_and_Employment,_Government_of_India
gptkbp:amendedBy gptkb:Payment_of_Bonus_(Amendment)_Act,_2015
gptkbp:appliesTo every establishment employing 20 or more persons
every factory
gptkbp:dateEnacted 1965
gptkbp:enactedBy gptkb:Parliament_of_India
gptkbp:extendsTo whole of India except Jammu and Kashmir
https://www.w3.org/2000/01/rdf-schema#label Payment of Bonus Act
gptkbp:maximumBonus 20% of salary or wage
gptkbp:minimumBonus 8.33% of salary or wage
gptkbp:publishedIn gptkb:The_Gazette_of_India
gptkbp:purpose to provide for the payment of bonus to persons employed in certain establishments
gptkbp:relatedTo industrial relations
labour law
gptkbp:section Section 2 - Definitions
Section 20 - Application of Act to establishments in public sector in certain cases
Section 12 - Calculation of bonus with respect to certain employees
Section 15 - Set on and set off of allocable surplus
Section 18 - Deduction of certain amounts from bonus payable under the Act
Section 1 - Short title, extent and commencement
Section 10 - Payment of minimum bonus
Section 11 - Payment of maximum bonus
Section 14 - Computation of number of working days
Section 19 - Time-limit for payment of bonus
Section 22 - Reference of disputes under the Act
Section 27 - Inspectors
Section 28 - Penalty
Section 29 - Offences by companies
Section 30 - Cognizance of offences
Section 33 - Power to exempt
Section 34 - Power to make rules
Section 8 - Eligibility for bonus
Section 16 - Special provisions with respect to certain establishments
Section 24 - Audited accounts of companies not to be questioned
Section 17 - Adjustment of customary or interim bonus against bonus payable under the Act
Section 13 - Proportionate reduction in bonus in certain cases
Section 21 - Recovery of bonus due from an employer
Section 23 - Presumption about accuracy of balance sheet and profit and loss account of corporations
Section 25 - Audit of accounts of employers, not being corporations or companies
Section 31 - Protection of action taken under the Act
Section 26 - Maintenance of registers, records, etc.
Section 32 - Act not to apply to certain classes of employees
gptkbp:shortName gptkb:Payment_of_Bonus_Act,_1965
gptkbp:status in force
gptkbp:website https://labour.gov.in
gptkbp:bfsParent gptkb:Ministry_of_Labour_and_Employment_(India)
gptkbp:bfsLayer 6