An employee is eligible to get bonus under the Payment of Bonus Act 1965 if he had worked for not le...........

Industrial Relation and labour law Labour Laws -II

An employee is eligible to get bonus under the Payment of Bonus Act. 1965 if he had worked for not less than days in the preceding year

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Explanation:

Eligibility for bonus .

Under the present enactment, every employee is entitled to get a bonus only if he has worked for a minimum period of 30 days. The minimum bonus which the employee would get in an accounting year would be 8.33% of the salary or wages of the employee or ? 100 whichever is more. In cases where the age of the employee is less than 15 years at the beginning of the accounting year, this provision would have the same effect except in the place of ? 100 it would be ? 60.