Bonus for workers india

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The Payment of Bonus Act, 1965 provides for the payment of bonus to persons employed in certain establishments, employing 20 or more persons, on the basis of profits or on the basis of production or productivity and matters connected there with.

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The minimum bonus of 8.33% is payable by every industry and establishment under section 10 of the Act. The maximum bonus including productivity linked bonus that can be paid in any accounting year shall not exceed 20% of the salary/wage of an employee under the section 31 A of the Act.

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One thought on “Bonus for workers india

  • 18.12.2021 at 15:35
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    In my opinion you are mistaken. Write to me in PM, we will discuss.

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