The Payment of Bonus Rules, 1975 PDF

The Payment of Bonus Rules, 1975 PDF Download using the direct download link

167 People Like This
REPORT THIS PDF ⚐

The Payment of Bonus Rules, 1975 PDF Download in for free using the direct download link given at the bottom of this article.

The Payment of Bonus Rules, 1975

Under The Payment of Bonus Rules, 1975, an ‘employee’ is defined as any individual engaged for hire or reward, whether the terms of employment are written or implied, and includes supervisors/managerial and administrative staff earning not more than Rs. 21 thousand per month.

It also includes dearness allowance, which refers to all cash payments, regardless of name, made to an employee in response to an increase in the cost of living.

Where the Act is Applicable

It will apply to;

Every factory

Any other business that employs twenty or more people on any one day during the accounting year.

Time limit 

Within a month of the award being executable or the settlement going into effect.
Within eight months of the end of the fiscal year.

Short info

Every employee earning less than Rs. 21,000 per month who has worked for at least 30 days in an accounting year is entitled to a bonus of at least 8.33 percent of his or her salary/wages, even if the establishment is losing money, with a maximum bonus of 20% of the employee’s salary/wages payable in an accounting year.

To know more about the Payment of Bonus Rules, 1975 download the PDF file link below.

PDF's Related to The Payment of Bonus Rules, 1975

The Payment of Bonus Rules, 1975 PDF Download Link

REPORT THISIf the download link of The Payment of Bonus Rules, 1975 PDF is not working or you feel any other problem with it, please REPORT IT by selecting the appropriate action such as copyright material / promotion content / link is broken etc. If The Payment of Bonus Rules, 1975 is a copyright material we will not be providing its PDF or any source for downloading at any cost.

RELATED PDF FILES

Leave a Reply

Your email address will not be published. Required fields are marked *