{"id":86,"date":"2019-11-18T05:03:07","date_gmt":"2019-11-18T05:03:07","guid":{"rendered":"https:\/\/www.normsmanagement.com\/blog\/?post_type=ufaq&p=86"},"modified":"2024-12-23T10:16:30","modified_gmt":"2024-12-23T10:16:30","slug":"payment-of-bonus-act-1965","status":"publish","type":"ufaq","link":"https:\/\/www.normsmanagement.com\/blog\/ufaqs\/payment-of-bonus-act-1965\/","title":{"rendered":"PAYMENT OF BONUS ACT, 1965"},"content":{"rendered":"\n
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<\/p>\n

<\/p>\n

<\/p>\n

Applies to:<\/strong><\/p>\n

<\/p>\n

\u2022  Every Factory and<\/p>\n

<\/p>\n

\u2022  Establishments if employed 10 or more persons on any day.<\/p>\n

<\/p>\n

Eligibility:<\/strong><\/p>\n

<\/p>\n

\u2022  Wages not to exceed Rs. 21,000\/-<\/p>\n

<\/p>\n

\u2022  Basic + DA only\u2002Wages means:<\/p>\n

<\/p>\n

\u2022  Worked at least 30 days in the relevant accounting year.<\/p>\n

<\/p>\n

\u2022  Wages for the purpose of Bonus calculation,<\/p>\n

<\/p>\n

\u2022  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<\/p>\n

<\/p>\n

If dismissed for fraud, theft, violent behaviour\u2002Disqualification: and
sabotage of property.<\/p>\n

<\/p>\n

Minimum 8.33% \u2013 Maximum 20% of the wages earned in the\u2002Quantum:  <\/span>relevant accounting year.<\/p>\n

<\/p>\n

To pay within eight months from the close of an\u2002Time Limit: accounting year.<\/p>\n

<\/p>\n

For the years of loss during the first five years.\u2002<\/p>\n

No Bonus:<\/strong> For the years of loss during the first five
years.
Returns:<\/strong> Annual Return within 30 days of the due
date for payment.<\/p>\n

<\/p>\n

 <\/p>\n

<\/p>\n<\/div>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Applies to: \u2022  Every Factory and \u2022  Establishments if employed 10 or more persons on any day. Eligibility: \u2022  Wages not to exceed Rs. 21,000\/- \u2022  Basic + DA only\u2002Wages means: \u2022  Worked at least 30 days in the relevant accounting year. \u2022  Wages for the purpose of Bonus calculation, \u2022  Actual wages subject to […]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"closed","template":"","ufaq-category":[5],"ufaq-tag":[],"_links":{"self":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq\/86"}],"collection":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/comments?post=86"}],"wp:attachment":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/media?parent=86"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq-category?post=86"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq-tag?post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}