Bonus Act & Rules 8th Edn., 2024

Bonus Act & Rules (8th Edition, 2024) is a comprehensive and reliable reference work on the Payment of Bonus Act, 1965, designed for employers, HR professionals, payroll teams, and legal practitioners. The book explains the scope and applicability of the Act, eligibility of employees, minimum and maximum bonus limits, accounting year concepts, and the calculation of allocable surplus.It provides detailed guidance on set-on and set-off provisions, disqualification, deductions, time limits for payment, maintenance of registers, filing of returns, and penalties for non-compliance. The roles and powers of authorities, inspection mechanisms, and dispute resolution procedures are also covered. Incorporating relevant judicial decisions and practical illustrations, the book helps readers understand complex bonus calculations and compliance obligations with clarity. Updated to reflect legal developments, notifications, and prevailing interpretations applicable up to 2024, this edition serves as an indispensable compliance manual and statutory reference under bonus law.