This document is the full text of The Payment of Bonus Act, 1965, a crucial piece of legislation in India concerning the payment of bonus to employees. It outlines the historical context, the Act's provisions, definitions of key terms like 'employee', 'employer', and 'allocable surplus', and details on bonus calculation, eligibility, and disqualifications. It's an essential resource for employers, HR professionals, and employees seeking to understand their rights and obligations regarding bonus payments in India.