Payment of Bonus Act,1965
Act No : 21
Section :
Proportionate reduction in bonus in certain cases.
4*[13. Proportionate reduction in bonus in certain cases.- Where an employee has not worked for all the working days in an accounting year, the minimum bonus of one hundred rupees or, as the case may be, of sixty rupees, if such bonus is higher than 8.33 per cent. of his salary or wage for the days he has worked in that accounting year, shall be proportionately reduced.]
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Prakash Yedhula
wrote on 19 April 2009
(i) The minimum bonus is to be proportionately reduced by reference to the number of days an employee worked.
(ii) No work for all the working days, no payment of full bonus.
(iii) The bonus is payable on the salary or wages earned by an employee in respect of an accounting year. The payment received by way of encashment of leave cannot be taken into account for payment of bonus.