Amendment status not verified — confirm the current text below against the official source.
Adjustment of customary or interim bonus against bonus payable under lhe Act.-Where in any accounting ycar- (a) an ernployer has paid a y pujn bonus or other ctrstomary bonus to an employee; or (b) arr employer has paid a Part of the bonus payablc LInder this Act to an employee before the date on rvhich strch bonus becomes payable, th€n, the employer shall be entitled to deduct lhc amount of bonus so paid from the anrount of bonus payable by hilr to the emPloyee under this Act in resPect of that accounting year and the employee shall be entitled to receive only the balancc. I Srlbs. by Act 23 of 1976. sec. 12(b), fot "sub-se<tion (1)" (w.r'e.t 2i9-1975) Iie€. ?01 The Payment ol Bonus Act, 1965 Subs. by Acf 23 of 1976,6ec. l3(a), for "(l) Subicct to the provisio.ns of tt\is section all amor:nts". Earlier section 19 was amended by Act 68 of t972, scc. .t(i) (w e.f. 19-12-19721_ trrh"t{'diL,n! l:l {{' iil omitted b'l Aci 23 ot 1976, scc. 13O) (w.r.e f. 25-9-1975). Eartier ,rulLc,.(li1nr ilt td /;: were inJerted by Act 68 o( 7972, sec. 4(ij) (w.e.f. g_12_j972) 5ulr-r|rrf.n iB,r Nr.rrttt\.. by Adt 55 of 1973, se<. 2 (w.t.e.I l4-t9731. Earlier suFscction 15 (i) Claim of annual bonus -", .oo*too,H*Tltour qurMied by negoriarions/sentemcnts held io be custodrary in nature and not statutory bas€d only on seiiternent linked with pNductivity or prohb; Mutund Ltd v. Mukund Kamgor Union, iOOf tU) t-t_J 4lO olom). . (ii) Paymcnt of any crrslomary bonus, such as ahcnda^ce bonus, istival bonus, or fhe [kc, clocs.not ab:olvc the manrgedcnt from their lirbility to pay statutory b,)^us) Badythlth Bhdtfltl Mazdc,ot Union v. Eaidvantth Ayuruedt Bharpn pot, UA.,'IItts. tab IC 14S, (iii) The employee is bound to rehrnd the ex(ess arEunt ol bonvs; bndra Lnrinretinl & Foundary Works v. Stat? of Punqb, egmr 33 JL 538 (p&H).