Bare Act - The Payment of Bonus Act, 1965

CONTENTS
Sections	Particulars
	Preamble

1	Shot title, extent and application
2	Definitions
3	Establishments to include departments, undertakings and branches
4	Computation of gross profits
5	Computation of available surplus
6	Sums deductible from gross profits
7	Calculation of direct tax payable by the employer
8	Eligibility for bonus
9	Disqualification for bonus
10	Payment of minimum bonus
11	Payment of maximum bonus
12	Calculation of bonus with respect to certain employees
13	Proportionate reduction in bonus in certain cases
14	Computation of number of working days
15	Set-on and set-off of allocable surplus
16	Special provisions with respect to certain establishments
17	Adjustment of customary or interim bonus against bonus payable under the Act.
18	Deduction of certain amounts from bonus payable under the Act
19	Time-limit for payment of bonus
20	Application of Act to establishments in public sector in certain cases
21	Recovery of bonus due from an employer
22	Reference of dispute under this Act
23	Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies
24	Audited accounts of banking companies not to be questioned
25	Audit of accounts of employers, not being corporations or companies
26	Maintenance of registers, records, etc.
27	Inspectors
28	Penalty
29	Offences by companies
30	Cognizance of offences
31	Protection of action taken under the Act
31A	Special provision with respect to payment of bonus linked with production or productivity
32	Act not to apply to certain classes of employees
33	[Repealed]
34	Employees and employers not to be precluded from entering into agreements for grant of bonus under a different formula
34A	Effect of laws and agreements inconsistent with the Act
35	Saving
36	Power of exemption
37	[Repealed]
38	Power to makes rules
39	Application of certain laws not barred
40	Repeal and saving

Schedules
	The First Schedule
	The Second Schedule
	The Third Schedule
	The Fourth Schedule

Rules	Introduction
1	Short title and commencement
2	Definitions
3	Authority for granting permission for change of accounting year
4	Maintenance of registers
5	Annual returns