PAYMENT OF BONUS ACT, 1965 Bombay Chamber of Commerce & nds Mamba, 10% June 2006 IR LAWIS A MANAGER SHOULD KNOW. ee OF BONUS ACT, 1965 OBJECT An Act to provide for On the basis of profits Payment of bonus * Or on the basis of * To persons employed in certain Production or productivity. establishments LAWS A MANAGER SHOULD KNOWIENT OF BONUS ACT, 1965 Applicability ry factory where 10 or more persons are loyed with the aid of power ’stablishment in which 20 or more ns are employed without the aid of a ny day during an accounting year. inues to apply to an establishment fe number falls below 20 AWS A MANAGER SHOULD KNOW y tuna, 10 Sra, 2006 \YMENT OF BONUS ACT, 1965 Coverage ployee means any person other than an ntice, loyed on a salary or wage not exceeding 0/- Rs per month in any industry to do skilled or unskilled manual, supervisory, gerial, administrative, technical or al work for hire or reward Boinbay Chamber of Commer LAWS A MANAGER SHOULD KNOW ‘industry Mural, 0" un, 2008(MENT OF BONUS ACT, 1965 lloyee who has worked for not less than 30 ‘S shall be entitled for bonus. to receive bonus in case of dismissal for us or violent behaviour while on the premises of| hment ppropriation or sabotage of any property of the nt. R SHOULD aNOW Boiibay Chamber oF Comme LAWS A MANAGER SHOULD KNOW ‘induct, Mumba, 10% June, 208 \YMENT OF BONUS ACT, 1965 Minimum bonus im bonus of 8.33% of the salary or arned during the accounting year ito a minimum of Rs 100/- whether or mployer has any allocable surplus for ounting year. Wanibay Chamber of Commer \WS A MANAGER SHOULD KNOW industry ‘Mumbal 10% June, 2008