{"id":55333,"date":"2017-05-19T13:00:54","date_gmt":"2017-05-19T07:30:54","guid":{"rendered":"http:\/\/www.vskills.in\/certification\/tutorial\/?p=55333"},"modified":"2024-04-12T14:20:22","modified_gmt":"2024-04-12T08:50:22","slug":"payment-of-bonus-act","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/payment-of-bonus-act\/","title":{"rendered":"Payroll Manager Tutorial | Payment of Bonus Act"},"content":{"rendered":"\n
\"Payment<\/a><\/figure><\/div>\n\n\n

\u00a0<\/h3>\n

Payment of Bonus Act<\/strong><\/h3>\n

The present Act is the outcome of the recommendations made by a Tripartite Commission, which was set up the Government of India in 1961. The Government on January 24, 1964 received the recommendation of the Commission. Payment of Bonus Act promulgated on 26th May 1965 and in the same year it was adopted by the Parliament, which in turn enacted Payment of Bonus Act, 1965.<\/p>\n

The Payment of Bonus Act imposes statuary liability upon the employers of every establishment covered under the Act to pay bonus to their employees. It further provides for payment of minimum and maximum bonus and linking the payment of bonus with the production and productivity.<\/p>\n

Section1. Scope and application \u2013 This Act extends to whole of India. The Act applies to every factory where 10 or more workers are working and every other establishment where 20 or more persons are employed, on any day during the accounting year.<\/p>\n

Section32. Act not to apply to certain classes of employees \u2013 Nothing in this act shall apply to:-<\/p>\n