THE PAYMENT OF BONUS ACT, 1965. ACT NO. 21 OF 1965, 25th September, 1965.
An Act to provide for the payment of bonus to persons employed in certain establishments and for matters connected therewith.
BE it enacted by Parliament in the Sixteenth Year of the Republic of India as follows:—
Download PDF for Payment of Bonus Act, 1965
| Sections | Particulars |
| 1 | Short title, extent and application |
| 2 | Definitions |
| 3 | Establishments to include departments, undertakings and branches |
| 4 | Computation of gross profits |
| 5 | Computation of available surplus |
| 6 | Sums deductible from gross profits |
| 7 | Calculation of direct tax payable by the employer |
| 8 | Eligibility for bonus |
| 9 | Disqualification for bonus |
| 10 | Payment of minimum bonus |
| 11 | Payment of maximum bonus |
| 12 | Calculation of bonus with respect to certain employees |
| 13 | Proportionate deduction in bonus in certain cases |
| 14 | Computation of number of working days |
| 15 | Set on and set off of allocable surplus |
| 16 | Special provisions with respect to certain establishments |
| 17 | Adjustment of customary or interim bonus against bonus payable under the Act |
| 18 | Deduction of certain amounts from bonus payable under the Act |
| 19 | Time-limit for payment of bonus |
| 20 | Application of Act to establishments in public sector in certain cases |
| 21 | Recovery of bonus due from an employer |
| 22 | Reference of disputes under the Act |
| 23 | Presumption about accuracy of balance sheet and profit and loss account of corporations and companies |
| 24 | Audited accounts of banking companies not to be questioned |
| 25 | Audit of accounts of employers, not being corporations or companies |
| 26 | Maintenance of registers, records, etc. |
| 27 | Inspectors |
| 28 | Penalty |
| 29 | Offences by companies |
| 30 | Cognizance of offences |
| 31 | Protection of action taken under the Act |
| 31A | Special provision with respect to payment of bonus linked with production or productivity |
| 32 | Act not to apply to certain classes of employees |
| 33 | Act to apply to certain pending disputes regarding payment of bonus |
| 34 | Effect of laws and agreements inconsistent with the Act |
| 35 | Saving |
| 36 | Power of exemption |
| 37 | Power to remove difficulties |
| 38 | Power to make rules |
| 39 | Application of certain laws not barred |
| 40 | Repeal and saving |
| Schedule | The First Schedule |
| The Second Schedule | |
| The Third Schedule | |
| The Fourth Schedule |