Payment of Bonus Act, 1965

GPTKB entity

Statements (32)
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:basisOfBonus profit or productivity linked
gptkbp:beganIn 25 September 1965
gptkbp:calculationMethod accounting year
gptkbp:compatibleWith employees of Central and State Government
employees of educational institutions
employees of local authorities
gptkbp:dateEnacted 25 September 1965
gptkbp:eligibility employees drawing salary or wage not exceeding a specified limit
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, 1965
gptkbp:longTitle An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith.
gptkbp:maximumBonus 20% of salary or wage
gptkbp:minimumBonus 8.33% of salary or wage
gptkbp:officialLanguage English
gptkbp:paymentTimeLimit within 8 months from close of accounting year
gptkbp:penalty fine or imprisonment
gptkbp:purpose to provide for payment of bonus to employees
gptkbp:referenceSection Section 1 to Section 40
gptkbp:repealedBy none
gptkbp:salaryLimit Rs. 21,000 per month (as per 2015 amendment)
gptkbp:shortName gptkb:Payment_of_Bonus_Act,_1965
gptkbp:website https://labour.gov.in
gptkbp:bfsParent gptkb:Chief_Labour_Commissioner_(Central)
gptkb:Payment_of_Bonus_Act
gptkb:Code_on_Wages,_2019
gptkbp:bfsLayer 7