The Payment of Bonus Act, 1965 provides for the payment of bonus to employees in India.
1. Payment of bonus to employees 2. Eligibility criteria for bonus payment 3. Calculation of bonus 4. Time limit for payment of bonus
1. Establishments with 20 or more employees 2. Factories, shops, and other establishments
1. Payment of bonus to employees 2. Improved employee morale and motivation 3. Enhanced employee benefits 4. Compliance with labor laws
1. Pay bonus to eligible employees 2. Calculate bonus correctly 3. Maintain records and registers 4. Comply with inspection and certification requirements
1. Fines and imprisonment 2. Other legal consequences
1. Payment of bonus to employees 2. Improved employee benefits 3. Enhanced employee morale and motivation 4. Compliance with labor laws