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THE PAYMENT OF BONUS (AMENDMENT) BILL, 2007 - PRS

THE PAYMENT OF BONUS (AMENDMENT) BILL, 2007 - PRS

THE PAYMENT OF BONUS (AMENDMENT) BILL, 2007 - PRS

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Definitions.<br />

Calculation of<br />

bonus with<br />

respect to<br />

certain<br />

employees.<br />

Act not to<br />

apply to<br />

certain classes<br />

of employees.<br />

ANNEXURE<br />

EXTRACTS FROM <strong>THE</strong> <strong>PAYMENT</strong> <strong>OF</strong> <strong>BONUS</strong> ACT, 1965<br />

(21 <strong>OF</strong> 1965)<br />

* * * * *<br />

2. In this Act, unless the context otherwise requires,—<br />

* * * * *<br />

(13) “employee” means any person (other than an apprentice) employed on a<br />

salary or wage not exceeding three thousand and five hundred rupees per mensem in<br />

any industry to do any skilled or unskilled manual, supervisory, managerial,<br />

administrative, technical or clerical work for hire or reward, whether the terms of<br />

employment be express or implied;<br />

* * * * *<br />

12. Where the salary or wage of an employee exceeds two thousand and five hundred<br />

rupees per mensem, the bonus payable to such employee under section 10 or, as the case<br />

may be, under section 11, shall be calculated as if his salary or wage were two thousand and<br />

five hundred rupees per mensem.<br />

* * * * *<br />

32. Nothing in this Act shall apply to—<br />

* * * * *<br />

(vi) employees employed through contractors on building operations;<br />

* * * * *<br />

4

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