Employees, Employers and Lawyers Guide to Payment of Bonus Act and Rules

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Description
* Bonus by Principal employer to the workers of contractor
* Eligibility, entitlement and quantum of bonus
* Adjustment of bonus when paid every month
* Accuracy of Balance Sheet and Profit & Loss Account
* Allowances - Whether form part of wages
* Allocable surplus
* Compliances to be made by the Employers
* Ex-gratia - interpretation of infancy benefits
* Bonus to part-time employees/daily-wagers/probationrs
* Calculation of Set off and Set on
* Productivity linked bonus
* Obligations of employers under the Act and the Rules
* Forfeiture of Bous
* Maintenance of Registers, records and Filing of Returns
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Table of Contents
Salient Features of the Payment of Bonus Act, 1965
•    Applicability of the Act
•    Eligibility of Bonus and Definition of an Employee
•    Infancy Benefit for New Establishments
•    Exempted Establishments
•    Accounting Year
•    Allocable Surplus
•    Available Surplus
•    Calculation of Bonus
•    Accuracy of Balance Sheet and Profit and Loss Account
•    Forfeiture of Bonus
•    Time Limit for Payment of Bonus
•    Working days and Bonus
•    Obligations of Employers
•    Maintenance of Registers, Records, etc.
      Submission of Annual Returns
      Penalty
Chapter 1.    Enactment and Amendments to payment of Bonus Act
Chapter 2.    Applicability of the Act
Chapter 3.    Scheme of the Act
Chapter 4.    Important Definitions under the Payment of Bonus Act
Chapter 5.    Entitlement to Bonus
Chapter 6.    linkage of Bonus with the Minimum Rates of Bonus - Effect of Amendment of 2016
Chapter 7.    Determination of Bonus
Chapter 8.    Exemption to an Establishment
Chapter 9.    Obligations of Employer under Payment of Bonus Act
Chapter 10.    Important Clarifications
The Payment of Bonus Act, 1965
The Payment of Bonus Rules, 1975
Notification Appointing Inspectors and Limits within which they shall exercise Jurisdiction
Notification Appointing Officers to make complaints in courts and limits within which they shall exercise Jurisdiction
Subject Index
Table of Cases
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Author Details
H.L. Kumar, Advocate, Supreme Court of India, Editor, Labour Law Reporter
Gaurav Kumar, M.B.A, LL.M., Advocate