Income Tax Department

Ministry of Finance, Government of India

Skip to main content
Font Size
Saturation
Help

Section 13

Proportionate reduction in bonus in certain cases

Section

Section Number

13

Chapter

Act

Payment of Bonus Act, 1965

Year

Proportionate reduction in bonus in certain cases

Proportionate reduction in bonus in certain cases

[Proportionate reduction in bonus in certain cases.

13.   Where an employee has not worked for all the working days in an accounting year, the minimum bonus of one hundred rupees or, as the case may be, of sixty rupees, if such bonus is higher than 8.33 per cent of his salary or wage for the days he has worked in that accounting year, shall be proportionately reduced.]

 
© Copyright. Taxmann Publications Pvt. Ltd.

Footnotes