appellant and its workmen relating
to the computation of bonus under the Payment of Bonus Act,
1965 , the Company contended that the available surplus came ... more parallel authorities working under the
Bonus Act and the Income-tax Act and other such Acts who
would have to assess taxable income
bonus,
customary bonus or bonus as a condition of service
?
(d) If answer to (c) is in favour of the workmen, does
the Bonus Act ... provide for those categories of bonus and
confines itself to profit-based bonus, or does the
Bonus Act speak on the topic of bonus
bonus, the employees were not entitled to claim annual cash
bonus, is erroneous. The employees had absolute right to
receive annual cash bonus from ... Bonus (Amendment)
Ordinance, 1975 which came into force with immediate effect.
Subsequently, this Ordinance was replaced by the Payment of
Bonus (Amendment) Act, 1976 which
legislate in respect of bonus to be
paid to industrial employees. By enacting the Payment of
Bonus Act , the Parliament has not
27
attempted ... operation of
the Act, s. 33 which seeks to apply the Act to certain
pending disputes regarding payment of bonus
Section 10 in The Payment Of Bonus Act, 1965
10. Payment of minimum bonus.—
Subject to the other provisions of this Act, every employer shall ... year 1979 and in respect of every subsequent accounting year, a minimum bonus which shall be 8.33 per cent. of the salary or wage earned
public issue [or rights issue or by issue of bonus shares] [Substituted by Act 45 of 2006, Section 2, for Clause ... public issue [or rights issue or by issue of bonus shares] [Inserted by Act 8 of 1995, Section
Section 36 in The Payment Of Bonus Act, 1965
36. Power of exemption.—
If the appropriate Government, having regard to the financial position and other
Section 2 in The Payment Of Bonus Act, 1965
2. Definitions.—
In this Act, unless the context otherwise requires,— (1) “accounting year” means ... Income-tax Act” means the Income-tax Act, 1961, (43 of 1961); (20) “prescribed” means prescribed by rules made under this Act; (21) “salary
public issue [or rights issue or by issue of bonus shares] [Substituted by Act 45 of 2006, Section 8, for Clause ... public issue [or rights issue or by issue of bonus shares] [Inserted by Act 8 of 1995, Section
Section 32 in The Payment Of Bonus Act, 1965
32. Act not to apply to certain classes of employees.-
Nothing in this Act shall apply
