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    POGA

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    shrikant
    The Payment of Bonus Act 1965 provides for the payment of annual bonus to eligible employees of establishments that employ 20 or more persons. It aims to provide incentives to employees to improve productivity and helps them maintain a certain minimum standard of living, indexing the bonus amount to the profit or productivity of the establishments. The Act mandates that every eligible employee be paid a minimum annual bonus of 8.33% of their salary or wage regardless of the amount of profits earned by the establishment in a given year.

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    POGA

    Uploaded by

    shrikant
    15 views1 page
    The Payment of Bonus Act 1965 provides for the payment of annual bonus to eligible employees of establishments that employ 20 or more persons. It aims to provide incentives to employees to improve productivity and helps them maintain a certain minimum standard of living, indexing the bonus amount to the profit or productivity of the establishments. The Act mandates that every eligible employee be paid a minimum annual bonus of 8.33% of their salary or wage regardless of the amount of profits earned by the establishment in a given year.

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    The Payment of Bonus Act 1965 provides for the payment of annual bonus to eligible employees of establishments that employ 20 or more persons. It aims to provide incentives to employees to improve productivity and helps them maintain a certain minimum standard of living, indexing the bonus amount to the profit or productivity of the establishments. The Act mandates that every eligible employee be paid a minimum annual bonus of 8.33% of their salary or wage regardless of the amount of profits earned by the establishment in a given year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    15 views1 page

    POGA

    Uploaded by

    shrikant
    The Payment of Bonus Act 1965 provides for the payment of annual bonus to eligible employees of establishments that employ 20 or more persons. It aims to provide incentives to employees to improve productivity and helps them maintain a certain minimum standard of living, indexing the bonus amount to the profit or productivity of the establishments. The Act mandates that every eligible employee be paid a minimum annual bonus of 8.33% of their salary or wage regardless of the amount of profits earned by the establishment in a given year.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    PAYMENT OF

    BONUS ACT
    1965

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