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Employees, Employers & Lawyers guide to PAYMENT OF BONUS Act & Rules

150

Employees, Employers & Lawyers guide to PAYMENT OF BONUS Act & Rules

150

This resource is available in .pdf format only, which will be sent to your email id on realisation of payment.

 

Contents include…

  • Bonus by principal employer – to the workers of contractor(s)
  • Eligibility, entitlement and quantum of bonus
  • Adjustment of bonus when paid every month
  • Accuracy of Balance Sheet – Profit & Loss Account
  • Allowances – whether form part of wages
  • Uniformity of entitlement to bonus in different units/branches
  • Allocable surplus
  • Compliances to be made by the employers
  • Ex-gratia – interpretation of Infancy benefit
  • Bonus to part time employees/ daily-wagers/Probationers
  • Calculation of Set off & Set on
  • Productivity linked bonus
  • Obligations of employers under the Act and the Rules
  • Forfeiture of bonus
  • Maintenance of registers, records & filing of returns
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