Payment Of Bonus Act (1965)

Payment Of Bonus Act (1965)

  • To provide assistance and advice in matters relating to payment of bonus.
  • Assistance when needed in calculating the exact amount of the bonus.
  • Assistance in treatment of available surplus / allocable surplus such as set-on, set-off, carry forward.
  • To maintain and regularize registers of various subjects such as allocable surplus, set on and set off of allocable surplus, bonus etc. under the Act.
  • Preparation and submission of annual return as prescribed under the Act.
  • Satisfactorily responding to the show cause notice issued by the Inspector.
  • Representation of Establishments before the Inspector.
  • To be present at the establishments at the time of inspection and search of any premises by the Inspector and to render necessary assistance.
  • Representing establishments in inquiries made by the Inspector.