Payment of Bonus Act, 1965

Section - 1 - Short title, extent and application

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Section - 2 - Definitions

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Section - 3 - Establishments to include departments, undertakings and branches

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Section - 4 - Computation of gross profits

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Section - 5 - Computation of available surplus

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Section - 6 - Sums deductible from gross profits

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Section - 7 - Calculation of direct tax payable by the employer

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Section - 8 - Eligibility for bonus

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Section - 9 - Disqualification for bonus

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Section - 10 - Payment of minimum bonus

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Section - 11 - Payment of maximum bonus

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Section - 12 - Calculation of bonus with respect to certain employees

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Section - 13 - Proportionate reduction in bonus in certain cases

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Section - 14 - Computation of number of working days

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Section - 15 - Set on and set off of allocable surplus

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Section - 16 - Special provisions with respect to certain establishments

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Section - 17 - Adjustment of customary or interim bonus against bonus payable under the Act

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Section - 18 - Deduction of certain amounts from bonus payable under the Act

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Section - 19 - Time-limit for payment of bonus

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Section - 20 - Application of Act to establishments in public sector in certain cases

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Section - 21 - Recovery of bonus due from an employer

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Section - 22 - Reference of disputes under the Act

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Section - 23 - Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies

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Section - 24 - Audited accounts of banking companies not to be questioned

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Section - 25 - Audit of accounts of employers, not being corporations or companies

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Section - 26 - Maintenance of registers, records, etc

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Section - 27 - Inspectors

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Section - 28 - Penalty

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Section - 29 - Offences by companies

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Section - 30 - Cognizance of offences

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Section - 31 - Protection of action taken under the Act

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Section - 31A - Special provision with respect to payment of bonus linked with production or productivity

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Section - 32 - Act not to apply to certain classes of employees

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Section - 33 - Act to apply to certain pending disputes regarding payment of bonus

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Section - 34 - Effect of laws and agreements inconsistent with the Act

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Section - 35 - Saving

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Section - 36 - Power of exemption

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Section - 37 - Power to remove difficulties

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Section - 38 - Power to make rules

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Section - 39 - Application of certain laws not barred

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Section - 40 - Repeal and saving

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SCH I - COMPUTATION OF GROSS PROFITS

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SCH II - COMPUTATION OF GROSS PROFITS

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SCH III - THIRD SCHEDULE

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SCH IV - FOURTH SCHEDULE

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