Payment of Bonus Act, 1965
Section - 13 - Proportionate reduction in bonus in certain cases
[Proportionate reduction in bonus in certain cases.13. Where an employee has not worked for all the working days in an accounting year, the minimum bonus of one hundred rupees or, as the case may be, of sixty rupees, if such bonus is higher than 8.33 per cent of his salary or wage for the days he has worked in that accounting year, shall be proportionately reduced.]
CAclubindia
