Applies to:

•  Every Factory and

•  Establishments if employed 10 or more persons on any day.

Eligibility:

•  Wages not to exceed Rs. 21,000/-

•  Basic + DA only Wages means:

•  Worked at least 30 days in the relevant accounting year.

•  Wages for the purpose of Bonus calculation,

•  Actual wages subject to a ceiling of Rs. 7,000/- or the minimum wages
for the relevant employment, as fixed by the Government, whichever is higher

If dismissed for fraud, theft, violent behaviour Disqualification: and
sabotage of property.

Minimum 8.33% – Maximum 20% of the wages earned in the Quantum:  relevant accounting year.

To pay within eight months from the close of an Time Limit: accounting year.

For the years of loss during the first five years. 

No Bonus: For the years of loss during the first five
years.
Returns: Annual Return within 30 days of the due
date for payment.