The Payment of Bonus Act, 1965 requires an employer to pay a minimum bonus of 8.33 percent or a maximum of twenty per cent of the salary or wage earned by the employee during the accounting year.The employer is eligible to make adjustment if he has paid any puja bonus or other customary bonus to an employee or has paid a part of the bonus payable under this Act.
Gross profits for purposes of bonus (Item No. 5 minus Item No. 6) (Explanation: In sub-item (oa) of item 3, “approved gratuity fund” has the same meaning assigned to it in clause (5) of section 2 of the Income-tax Act.
Payment of Bonus Act, 1965: Timely payment of the bonus. Eligible persons are paid bonus: Whether the company paid minimum or maximum bonus. Annual return within 30 days of the expiry of 8 months from the closing of the accounting year in (FORM D) Timely deposit of Employer and Employee’s dues with Provident fund: 3.
There are currently no known outstanding effects for the Compulsory Purchase Act 1965, Section 20. Changes to Legislation.. On payment or tender of the amount of such compensation all such persons shall respectively deliver up to the acquiring authority.
Reported in: (1992)40ITD467(Pune.). ,600 p.m. and, therefore, they are not the employees governed by the payment of bonus act as per the definition contained in section 2(13) of the payment of bonus act, 1965. the payment to these six employees amounted to rs. 12,462 and, therefore, the question of disallowing excess payment of bonus under the first proviso to section 36(1)(ii) does not.
An Act to establish machinery for promoting the improvement of industrial relations; to amend the law relating to workers’ rights and otherwise to amend the law relating to workers, employers, trade unions and employers’ associations; to provide for the establishment and operation of a Maternity Pay Fund; to provide for the extension of the jurisdiction of employment tribunals; to amend.
Number 27 of 1965. SUCCESSION ACT, 1965 AN ACT TO REFORM THE LAW RELATING TO SUCCESSION TO THE PROPERTY OF DECEASED PERSONS AND, IN PARTICULAR, THE DEVOLUTION, ADMINISTRATION, TESTAMENTARY DISPOSITION AND DISTRIBUTION ON INTESTACY OF SUCH PROPERTY, AND TO PROVIDE FOR RELATED MATTERS.
Factories act 1948, section 66 (1) (b) Restrictions on employment of women in night shifts with certain clarifications. please find the attached file.