PAYMENT OF BONUS
Applicability of the Act
It extends to the whole of India &
(b)every other establishment in which
20 or more person's are employed on any
day during the accounting year.
Eligibility of Employee
An employee shall be entitled to Bonus
if he has worked for not less than 30
working days in the year and his salary
does not exceed Rs.3,500/- per month.
Determination & payment of
a) Minimum Bonus 8.33% of the salary
b) Maximum Bonus 20% of the salary
Proportionate reduction in Bonus
Where an employee has not worked for
all the working days in an accounting
year, the amount payable as bonus shall
be reduced proportionately
Disqualification of the employee
An employee shall be disqualified to
receive bonus if he is dismissed from
the service for
• Riotous or violent behaviour.
• Theft or misappropriation of
cash or goods.