The Payment of Bonus Act, 1965
State Act of Punjab ยท Act 21 of 196537 provisions2 citing judgments
The enactment
| Long title | THE PAYMENT OF BONUS ACT, 1965 , ACT NO. 21 OF 1965 |
|---|---|
| Type | Act |
| Citation | Act 21 of 1965 |
| Year | 1965 |
| Jurisdiction | State of Punjab |
| Status | In force as published by the source |
| Provisions published | 37 |
| Subjects | labour |
Full text, provision by provision
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- Section 1 Short title, extent and application1 citing judgment
- Section 2 Definition
- Section 3 Establishments to include departments, undertakings and branches
- Section 4 Computation of gross profits
- Section 5 Computation of available surplus
- Section 6 Sums deductible from gross profits
- Section 7 Calculation of direct tax payable by the employer
- Section 8 Eligibility for bonus
- Section 9 Disqualification for bonus
- Section 11 Payment of maximum bonus
- Section 12 Calculation of bonus with respect to certain employees
- Section 13 Proportionate reduction in bonus in certain cases
- Section 14 Computation of number of working days
- Section 15 Set on and set off of allocable surplus
- Section 17 Adjustment of customary or interim bonus against bonus payable under the Act
- Section 18 Deduction of certain amounts from bonus payable under the Act
- Section 19 Time-limit for payment of bonus
- Section 20 Application of Act to establishments in public sector in certain cases
- Section 21 Recovery of bonus due from an employer
- Section 22 Reference of disputes under the Act
- Section 23 Presumption about accuracy of balance-sheet and profit and loss account of corporation and companies
- Section 24 Audited accounts of banking companies not to be questioned
- Section 25 Audit of accounts of employers, not being corporations or companies
- Section 26 Maintenance of register, records, etc
- Section 27 Inspectors
- Section 28 Penalty
- Section 29 Offences by companies
- Section 30 Cognizance of offences
- Section 31 Protection of action taken under the Act
- Section 31A Special provision with respect to payment of bonus linked with production or productivity
- Section 32 Act not to apply to certain classes of employees1 citing judgment
- Section 34 Effect of laws and agreements inconsistent with the Act
- Section 35 Saving
- Section 37 Power to remove difficulties
- Section 38 Power to make rules
- Section 39 Application of certain law not barred
- Section 40 Repeal and saving
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