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.