CA in Delhi, Chartered Accountant in India/Delhi/Noida/NCR, CA Firm, CA Firms in Delhi, India, Noida, NCR, Chartered Accountant, Chartered Accountant in Delhi, Best CA Firms in India, Chartered Accountant Services, Chartered Accountant Firms, Accounting S

Ask a Query

Client Login

Welcome To BSRT & CO.

PAYMENT OF BONUS ACT, 1965

[21 OF 1965]

Section - 1 Short title, extent and application

Section - 2 Definitions

Section - 3 Establishments to include departments, undertakings and branches

Section - 4 Computation of gross profits

Section - 5 Computation of available surplus

Section - 6 Sums deductible from gross profits

Section - 7 Calculation of direct tax payable by the employer

Section - 8 Eligibility for bonus

Section - 9 Disqualification for bonus

Section – 10 Payment of minimum bonus

Section - 11 Payment of maximum bonus

Section - 12 Calculation of bonus with respect to certain employees

Section - 13 Proportionate reduction in bonus in certain cases

Section - 14 Computation of number of working days

Section - 15 Set on and set off of allocable surplus

Section - 16 Special provisions with respect to certain establishments

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

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

Section - 19 Time-limit for payment of bonus

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

Section - 21 Recovery of bonus due from an employer

Section - 22 Reference of disputes under the Act

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

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

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

Section - 26 Maintenance of registers, records, etc

Section - 27 Inspectors

Section - 28 Penalty

Section - 29 Offences by companies

Section - 30 Cognizance of offences

Section - 31 Protection of action taken under the Act

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

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

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

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

Section - 35 Saving

Section - 36 Power of exemption

Section - 37 Power to remove difficulties

Section - 38 Power to make rules

Section - 39 Application of certain laws not barred

Section - 40 Repeal and saving

SCH I COMPUTATION OF GROSS PROFITS

SCH II Computation of Gross Profits

SCH III THIRD SCHEDULE

SCH IV FOURTH SCHEDULE

Service Areas

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Deserunt dolore tenetur facilis repellat esse, odit voluptatem?

Digital Signature

A Digital Signature is the equivalent of a physical signature in electronic format, as it establishes the identity of the... Read more

Financial Services

We offer comprehensive manual or computerized bookkeeping systems maintained by trained accounting... Read more

Legal Services

We offer comprehensive manual or computerized bookkeeping systems maintained by trained accounting... Read more

Trademark / Copyright Application

We offer comprehensive manual or computerized bookkeeping systems maintained by trained accounting... Read more

Bank Loan Syndication

A syndicated loan is a loan made by a group of lenders who share or participate in a specific loan given to... Read more

Services Tax Registration

We offer comprehensive manual or computerized bookkeeping systems maintained by trained accounting... Read more

Why Choose Us

Business Consulting

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Molestias non nulla placeat, odio, qui dicta alias.

Experienced Advisors

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Molestias non nulla placeat, odio, qui dicta alias.

Legal Analysis

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Molestias non nulla placeat, odio, qui dicta alias.

Legal Help

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Molestias non nulla placeat, odio, qui dicta alias.

Latest News

New Tax Rates

The Reserve Bank of India will shortly issue Rs. 2000 denomination banknotes in the Mahatma Gandhi (New) Series, with

Defending Your Client

The Reserve Bank of India will shortly issue Rs. 2000 denomination banknotes in the Mahatma Gandhi (New) Series, with

Issue of Rs. 2000 banknotes

The Reserve Bank of India will shortly issue Rs. 2000 denomination banknotes in the Mahatma Gandhi (New) Series, with