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Payment Bonus Act 1965 And 1975 ? - CiteHR

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SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

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G SHASHI KRISHNA

Senior Manager - Hr

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Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

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Anish Katoch

Hr Executive

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PranjalR

Hr Recruiter

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Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

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Mohit Kumar Puri

Head Marketing

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Austex

Accounts Manager


Srinivasa HR Executive
Dear all
Can you explain me about Payment bonus act 1965 and 1975 ?
Is it mandatory to follow in Manufacturing Industry ?
How we are calculate this bonus payment act ?
When we will provide this bonus for an employees ?
Regards
Srinivas

From India, Bangalore
saiconsult
1897

it is applicable to a factory covered by the Factories Act 1948. Even though the wages of an employee exceeds Rs 3500/- per month subject to the maximumof Rs10000/-p.m, the wages( basic + DA) shall be taken as only Rs.3500/-p.m for the purpose of calculation of bonus.The bonus shall be provided within 8 months from the date of clsoing of an accounting year.
B.Saikumar
Mumbai

From India, Mumbai
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