Bonus act an objective assessment. by Employers" Federation of India.

Cover of: Bonus act | Employers

Published in Bombay .

Written in English

Read online

Places:

  • India.

Subjects:

  • Bonus system -- India.

Edition Notes

Cover title.

Book details

SeriesMonograph, no. 11, Monograph (Employers" Federation of India) ;, no. 11.
Classifications
LC ClassificationsLAW
The Physical Object
Paginationiv, 31 p.
Number of Pages31
ID Numbers
Open LibraryOL5280118M
LC Control Number71914976

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book is in English language. The Table of Content or a quick excerpt on the book has been provided on the book. 2[An Act to provide for the payment of bonus to persons employed in certain establishments on the basis of profits or on the basis of production or productivity and for matters connected therewith.] Be it enacted by Parliament in the Sixteenth Year of the Republic of India as follows.

The Bonus Act applies to every factory and every establishment that employs 20 or more persons, and unlike other performance linked incentives offered by companies, the bonus payable under this law is not linked to the performance of the employee.

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According to the Bonus Act, a minimum of % up to 20% of his basic (earned) wages is to be paid to the employee. Note: Bonus is to be paid within 8 months of closing the book of accounts.

In India, Bonus act book of bonus is governed by payment of bonus Act, In this article I have explained all the important issues related to bonus act. The payment of bonus act applies to the person employed in every factory and establishment employing not less.

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