Bare ActsThe PAYMENT OF BONUS ACT, 1965

Section 12

[Calculation of bonus with respect to certain employees

Amendment status not verified — confirm the current text below against the official source.

Where the salary or wage of an employee exceeds [seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher] per mensem, the bonus payable to such employee under Sec. 10, or V the case may be, under Sec. 11, shall be calculated as if his salary or wage were [seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher] per mensem.] 20A[Explanation.- For the purposes of this Section, the expression "scheduled employment" shall have the same meaning as assigned to it in Clause (g) of Section 2 of the Minimum Wages Act, 1948 (11 of 1948).] Inserted by Act 67 of 1985 (w.e.f. 07/11/1985). Substituted by Act 6 of 2016(w.r.e.f. 01/04/2014) Inserted by Act 6 of 2016(w.r.e.f. 01/04/2014).

Section 12 – The PAYMENT OF BONUS ACT, 1965 | DailyLaw.ai