Скачать или смотреть The Payment of Bonus Act, 1965 Part -1

The Payment of Bonus Act, 1965, is a law that requires employers to pay bonuses to employees in certain establishments based on profits or productivity. Here's what you need to know:

Key Provisions:

Applicability: The Act applies to every factory and establishment with 20 or more employees.
Eligibility: Employees who have worked for at least 30 days in an accounting year and earn a salary up to ₹21,000 per month are eligible for bonuses.
Minimum Bonus: Employers must pay a minimum bonus of 8.33% of the employee's salary or ₹100, whichever is greater, even if the company incurs a loss.
Maximum Bonus: The maximum bonus payable is 20% of the employee's salary.

Disqualifications:

Employees dismissed for:
Fraud
Riotous or violent behavior on the premises
Theft, misappropriation, or sabotage of company property
Misconduct causing financial loss

Rights and Responsibilities:

Employee Rights: Employees have the right to claim bonuses due to them and can approach the Labour Court or Tribunal if necessary.
Employer Responsibilities: Employers must pay bonuses within 8 months of the close of the accounting year and maintain records of bonus payments




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