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PAYMENT OF BONUS ACT, 1965, INDIA

 
COMPETITION LAW
LAW RELATING TO START UPS
FOOD LAWS
INFORMATION TECHNOLOGY LAW
REAL ESTATE LAW
COMPANY FORMATION LAW
GOODS SERVICE TAX
FDI LAW
TECHNOLOGY TRANSFER & JOINT VENTURE LAW
COMMERCIAL AGREEMENTS & CONTRACTS LAW
MERGERS & ACQUISITIONS
LAWS RELATING TO INSURANCE
LEGAL METROLOGY
LABOUR LAW
 
Labour Laws and Constitution
Factories Act, 1948
Indian Industrial Disputes Act, 1947
Minimum Wages Act, 1948
Payment of Wages Act, 1936
Sexual Harassment of Women at Workplace Act, 2013
Maternity Benefits Act, 1961
The Payments of Gratuity Act, 1972
Payment of Bonus Act, 1965
Labour Law Compliance Rules
Employees Provident Fund
Employees' State Insurance
SPORTS LAW
MEDIA & COMMUNICATION LAW
TELECOMMUNICATION LAW
ECOMMERCE BUSINESS LAW
CORPORATE LAW FIRM
COMMERCIAL LAW FIRM
ENVIRONMENT LAW
GAMBLING LAWS
INDIAN STANDARD'S LAW (BIS)
ANTI CORRUPTION LAWS
LITIGATION AND INDIAN COURTS
 

This particular Act is applicable to every factory wherein ten or more persons are employed and other establishments in which twenty or more persons are employed on any day during an accounting year. The object of the act is to provide certain statutory right to the employees to share the profit of the employer. After the recent amendment of the Act , the employees eligible under this Act will be the employees drawing salary a upto Rs.21,000/- per month, and only when he has worked for thirty working days in that financial year. It is notable that the amendment was given a retrospective effect and was made applicable from 1 April 2014. The payment of the bonus will be paid by the employer within 8 months of closing of the financial year. For breach of provisions of the Act, the employer shall be punishable with imprisonment upto 6 months and/or fine not exceeding Rs.1,000.

 

For further information on the Payment of Bonus Act, 1965, please write to us at info@ssrana.com.

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