[21 OF 1965]


Section - 1 Short title, extent and application

Section - 2 Definitions

Section - 3 Establishments to include departments, undertakings and branches

Section - 4 Computation of gross profits

Section - 5 Computation of available surplus

Section - 6 Sums deductible from gross profits

Section - 7 Calculation of direct tax payable by the employer

Section - 8 Eligibility for bonus

Section - 9 Disqualification for bonus

Section – 10 Payment of minimum bonus

Section - 11 Payment of maximum bonus

Section - 12 Calculation of bonus with respect to certain employees

Section - 13 Proportionate reduction in bonus in certain cases

Section - 14 Computation of number of working days

Section - 15 Set on and set off of allocable surplus

Section - 16 Special provisions with respect to certain establishments

Section - 17 Adjustment of customary or interim bonus against bonus payable under the Act

Section - 18 Deduction of certain amounts from bonus payable under the Act

Section - 19 Time-limit for payment of bonus

Section - 20 Application of Act to establishments in public sector in certain cases

Section - 21 Recovery of bonus due from an employer

Section - 22 Reference of disputes under the Act

Section - 23 Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies

Section - 24 Audited accounts of banking companies not to be questioned

Section - 25 Audit of accounts of employers, not being corporations or companies

Section - 26 Maintenance of registers, records, etc

Section - 27 Inspectors

Section - 28 Penalty

Section - 29 Offences by companies

Section - 30 Cognizance of offences

Section - 31 Protection of action taken under the Act

Section – 31A Special provision with respect to payment of bonus linked with production or productivity

Section - 32 Act not to apply to certain classes of employees

Section - 33 Act to apply to certain pending disputes regarding payment of bonus

Section - 34 Effect of laws and agreements inconsistent with the Act

Section - 35 Saving

Section - 36 Power of exemption

Section - 37 Power to remove difficulties

Section - 38 Power to make rules

Section - 39 Application of certain laws not barred

Section - 40 Repeal and saving


SCH II Computation of Gross Profits



News & Events

Our Services

Legal Services

 We offer comprehensive Legal Services systems maintained by trained accounting professional....

Read More

Insurance Services

We offer comprehensiveInsurance Services systems maintained by trained accounting professionals. ....

Read More

Investment Services

We offer comprehensive Investment Services  systems maintained by trained accounting profess....

Read More

Ask a Query

What We Offer

Statutory Audit

We offer comprehensive  Statutory Audit  systems maintained by trained accounting profe....

Auditing & Assurance & Advisor

We offer comprehensive Auditing & Assurance & Advisory Services systems maintained by tra....

Taxation Services

We offer comprehensive Taxation Services systems maintained by trained accounting professionals. ....

Corporate Services

We offer comprehensive Corporate Services systems maintained by trained accounting professionals.....