Page 331 - DMGT516_LABOUR_LEGISLATIONS

Labour Legislations

Notes 5. Subject to the provisions of ....................., any direct tax which the employer is liable to pay
for the accounting year in respect of his income, profits and gains during that year;
6. Any .............................. conferred on the employer under section 84 of the Income- tax Act
or of any deduction to which he is entitled under sub-section (1) of section 101 of that Act,
as in force immediately before the commencement of the Finance Act, 1965 (10 of 1965);

7. Every ............................ shall be entitled to be paid by his employer in an accounting year,
bonus, in accordance with the provisions of this Act, provided he has worked in the
establishment for not less than thirty working days in that year.
8. Every employer employing 20 or more persons, is liable to pay bonus to his employees in
respect of each accounting year, as per the provisions of the ...............................................

9. Bonus should be paid in cash and ...................................... from the close of the accounting
year or within one month from the date of enforcement of the award.

13.8 Review Questions

1. What is concept of Equal Remuneration for men & Women both?
2. What are the provisions in the act?
3. What are the punishments?
4. What is concept of annual bonus? Is it not a deferred wage?
5. What is method of calculating annual bonus? Explain?

6. What are penalties in case of non payment of bonus?

Answers: Self Assessment

1. ILO 2. Advisory Committee
3. section 6; 4. admissible
5. section 7 6. exemption

7. employee 8. Payment of Bonus Act, 1965
9. within 8 months

13.9 Further Readings

Books A N Aiyar, Encyclopaedia of Labour Laws and Industrial Legislation. Vol 6. The Labour
and Industrial Digest 1855 - 1956, Federal Law Depot, Delhi, 1957

Arya P P, Labour Management Relations in Public Sector Undertakings, Deep and
Deep Publications, New Delhi, 1982
B D Singh, Industrial Relations, Excel Books, New Delhi.

B D Singh, Labour Laws for Managers, Excel Books, New Delhi.
Benjamin H Selekmar, Problems in Labour Relations, Mc Graw Hill Book Co. INC,
Toronto, 1958

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