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Payment of Bonus Act, 1965

Related Legislation: Payment of Bonus (Amendment) Act, 1995    Payment of Bonus Rules, 1975   


1    Short title, extent and application

2    Definitions

3    Establishments to include departments, undertakings and branches

4    Computation of gross profits

5    Computation of available surplus

6    Sums deductible from gross profits

7    Calculation of direct tax payable by the employer

8    Eligibility for bonus

9    Disqualification for bonus

10    Payment of minimum bonus

11    Payment of maximum bonus

12    Calculation of bonus with respect to certain employees

13    Proportionate reduction in bonus in certain cases

14    Computation of number of working days

15    Set on and set off of allocable surplus

16    Special provisions with respect to certain establishments

17    Adjustment of customary or interim bonus against bonus payable under the Act

18    Deduction of certain amounts from bonus payable under the Act

19    Time-limit for payment of bonus

20    Application of Act to establishments in public sector in certain cases

21    Recovery of bonus due from an employer

22    Reference of disputes under the Act

23    Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies

24    Audited accounts of banking companies not to be questioned

25    Audit of accounts of employers, not being corporations or companies

26    Maintenance of registers, records, etc

27    Inspectors

28    Penalty

29    Offences by companies

30    Cognizance of offences

31    Protection of action taken under the Act

31-A    Special provision with respect to payment of bonus linked with production or productivity

32    Act not to apply to certain classes of employees

33    Act to apply to certain pending disputes regarding payment of bonus

34    Effect of laws and agreements inconsistent with the Act

35    Saving

36    Power of exemption

37    Power to remove difficulties

38    Power to make rules.

39    Application of certain laws not barred

40    Repeal and saving