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Ketan Shah
Labour Management Consultant
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Specializing in Labour Law
 
 
bullet The Factories Act, 1948
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bullet Employees' State Insurance Act, 1948
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bullet Employees' Provident Funds & Miscellaneous Provisions Act, 1952
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bullet Payment of Bonus Act, 1965
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bullet Payment of Gratuity Act, 1972
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bullet WorkMens Compensation Act, 1923
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bullet Payment of Wages Act, 1936
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bullet Minimum Wages Act, 1948
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bullet The Apprentice Act, 1961
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bullet The Industrial Employment (Standing Order) Act, 1946
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bullet The Maternity Benefit Act, 1961
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bullet The Child Labour (Prohibition & Regulation) Act, 1886
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bullet Contract Labour (Regulation & Abolition) Act, 1970
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bullet The Bombay Shops & Establishments Act, 1948
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bullet The Equal Remuneration Act, 1976
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bullet The Employment Exchanges (Compulsory Notification Of Vacancies) Act, 1959 No.31 Of 1959
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bullet Bombay industrial reletion act 1947

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Payment of Bonus Act, 1965
Applicability:

Every factory (as def. in factories Act), and (b) Every other establishment in which 20 or more persons (less than 20 but 10 or more if appropriate govt. notifies) are employed on any day subject to certain exemptions.

Employees' drawing remuneration of Rs. 3,500/- or more and those who have worked for less than 30 days are not eligible to receive bonus under the Act.

Bonus to be paid within eight months from the expiry of the accounting year.
Eligibility:

Every person (other than an apprentice) drawing salary up to Rs.3,500 per month.

Every person drawing salary between Rs.2,501/- and Rs.3,500/- per month. The bonus payable to him is to be calculated as if his salary were Rs.2500/- p.m.

Benefits:

Subject to other provisions: - Minimum bonus shall be 8.33 % of salary/wages earned or Rs.100 whichever is higher.

If allocable surplus exceeds the amount of minimum bonus, then bonus shall be payable at higher rate subject to a maximum 20% of Salary/Wages.

Computation of bonus is to be worked  BASIC + DA.
 
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All type of general insurance & life insurance. bullet
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304, 3rd Floor, Sapphire Business Hub, B/h. Trinnity Business Park, Nr. Madhuvan Circle, L.P.Savani Road, Adajan, Surat-395009
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