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Bonus Act, 1965
• Applicability
  (a)  Every factory (as def. in Factories Act), & (b) Every 
  other establishment in which 20 or more persons (less 
  than 20 but 10 or more if appropriate Govt. notifies) are 
  employed on any day subject to certain exemptions.
  ii)  Employees' drawing remuneration of Rs. 3,500/- or 
  more and those who have worked for less than 30 days 
  are not eligible to receive bonus under the Act.
  iii) Bonus to be paid within eight months from the 
  expiry of the accounting year.
Eligibility

• i)  Every person (other than an apprentice) 
  drawing salary up to RS 3,500 per month.
  Ii) Every person drawing salary between RS 
  2,501/- and RS 3,500/- per month. The bonus 
  payable to him is to be calculated as if his salary 
  were RS 2,500/- p.m. – salary means basic pay + 
  DA only 
Benefits
  i) Subject to other provisions :— Minimum bonus 
   shall be 8.33% of salary/wages earned or RS 100 
   whichever is higher.
   Ii)  If allocable surplus exceeds the amount of 
   minimum bonus, then bonus shall be payable at 
   higher rate subject to a maximum 20% of 
   salary/wages.
   Iii) Computation of bonus is to be worked out as 
   per Schedule I to IV of the Act. 
Payment of Wages Act, 1936
• Objectives
   To ensure regular and prompt payment of wages 
  and to prevent the exploitation of a wage earner 
  by prohibiting arbitrary fines and deductions 
  from his wages. 
Scope and coverage
    - Application for payment of wages to persons 
    employed in any factory. 

  - Not applicable to wages which average Rs 1600/- per 
  month or more.

  - Wages include all remuneration, bonus, or sums 
  payable for termination of service, but do not include 
  house rent reimbursement, light vehicle charges, 
  medical expenses, TA, etc. 
Minimum wages Act, 1948
• A tripartite Committee Viz.,"The Committee on Fair Wage" was 
  set up in 1948 to provide guidelines for wage structures in the 
  country. The report of this Committee was a major landmark in 
  the history of formulation of wage policy in India. Its 
  recommendations set out the key concepts of the `living wage', 
  "minimum wages" and "fair wage" besides setting out guidelines 
  for wage fixation. 
• Article 39|- The State shall, in particular, direct its policy towards 
  securing (a) that the citizen, men and women equally shall have 
  the right to an adequate livelihood and (b) that there is equal pay 
  for equal work for both men and women. 
• Article 43 |- The State shall endeavor, by suitable 
  legislation or economic organization or in any 
  other way, to give all workers, agricultural, 
  industrial or otherwise, work, a living wage, 
  conditions of work ensuring a decent standard of 
  life and full enjoyment of leisure, and social and 
  cultural opportunities. 
Thank u !!!

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Payment of bonu

  • 1. Bonus Act, 1965 • Applicability (a)  Every factory (as def. in Factories Act), & (b) Every  other establishment in which 20 or more persons (less  than 20 but 10 or more if appropriate Govt. notifies) are  employed on any day subject to certain exemptions. ii)  Employees' drawing remuneration of Rs. 3,500/- or  more and those who have worked for less than 30 days  are not eligible to receive bonus under the Act. iii) Bonus to be paid within eight months from the  expiry of the accounting year.
  • 2. Eligibility • i)  Every person (other than an apprentice)  drawing salary up to RS 3,500 per month. Ii) Every person drawing salary between RS  2,501/- and RS 3,500/- per month. The bonus  payable to him is to be calculated as if his salary  were RS 2,500/- p.m. – salary means basic pay +  DA only 
  • 3. Benefits   i) Subject to other provisions :— Minimum bonus  shall be 8.33% of salary/wages earned or RS 100  whichever is higher. Ii)  If allocable surplus exceeds the amount of  minimum bonus, then bonus shall be payable at  higher rate subject to a maximum 20% of  salary/wages. Iii) Computation of bonus is to be worked out as  per Schedule I to IV of the Act. 
  • 4. Payment of Wages Act, 1936 • Objectives  To ensure regular and prompt payment of wages  and to prevent the exploitation of a wage earner  by prohibiting arbitrary fines and deductions  from his wages. 
  • 5. Scope and coverage     - Application for payment of wages to persons  employed in any factory.  - Not applicable to wages which average Rs 1600/- per  month or more. - Wages include all remuneration, bonus, or sums  payable for termination of service, but do not include  house rent reimbursement, light vehicle charges,  medical expenses, TA, etc. 
  • 6. Minimum wages Act, 1948 • A tripartite Committee Viz.,"The Committee on Fair Wage" was  set up in 1948 to provide guidelines for wage structures in the  country. The report of this Committee was a major landmark in  the history of formulation of wage policy in India. Its  recommendations set out the key concepts of the `living wage',  "minimum wages" and "fair wage" besides setting out guidelines  for wage fixation.  • Article 39|- The State shall, in particular, direct its policy towards  securing (a) that the citizen, men and women equally shall have  the right to an adequate livelihood and (b) that there is equal pay  for equal work for both men and women. 
  • 7. • Article 43 |- The State shall endeavor, by suitable  legislation or economic organization or in any  other way, to give all workers, agricultural,  industrial or otherwise, work, a living wage,  conditions of work ensuring a decent standard of  life and full enjoyment of leisure, and social and  cultural opportunities.