Time limit for payment of bonus under Payment of Bonus Act, 1965

Most of employer has the question about “what is the time limit for payment of bonus to its employee under the Payment of Bonus Act, 1965”.

To answer this by taking reference of the section 19 of Payment of Bonus Act, 1965, which states that all amounts payable to an employee by way of bonus are to be paid:

1)      Where there is dispute regarding payment of bonus pending before an authority under the Industrial Dispute Act, 1947 within one month from the date on which the award becomes enforceable or settlement comes into operation, in respect of such dispute; and

2)      In all other cases within 8 months from the close of the accounting year.

Hope this small write up will give insight about pertained subject.

IMPORTANT:

Information in this blog is being provided as-is without any warranty/guarantee of any kind.

This blog is intended to provide information only. If you are seeking advice on any matters relating to information on this blog, you should – where appropriate – contact us directly at girishvivalkar979@gmail.com with your specific query or seek advice from qualified professional people.

We encourage you to take steps to obtain the most up-to-date information and to confirm the accuracy and reliability of any information on this blog in general by directly communicating with us.