The Payment of Bonus Act, 1965

In certain cases of industrial disputes demand for payment of bonus was also included In 1950, the Full Bench of the Labour Appellate evolved a formula for

If an employee basic salary + DA is less than 7000 Rs then the original basic + DA will be considered for bonus calculation For an example, if an employee

bonus ka baazigar To impose statutory liability on employer to pay bonus to employees 2 To define payment of bonus as per the prescribed formula 3 Scheme of set-off and set

bonus formula Apple's new executive bonus formula is designed for the fast-changing world we live in · Apple is adding an executive bonus metric in 2021