Bare ActsThe Code on Wages, 2019

Section 27

Proportionate reduction in bonus in certain cases.

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

Where an employee has not worked for all the working days in an accounting year, the minimum bonus under sub-section (1) of section 26, if such bonus is higher than eight and one third per cent. of the salary or wage of the days such employee has worked in that accounting year, shall be proportionately reduced.

Section 27 – The Code on Wages, 2019 | DailyLaw.ai