Bonus Act 1965

Bonus Act 1965 for CA Foundation, CS Foundation, CMA Foundation, CBSE, ICSE, Class 11-12 (Commerce) courses.

Preliminaries

Objective, Applicability of the Act, Definitions,

Bonus

Eligibility for Bonus, Deductions, Recovery of bonus from Employer, Infancy Protection for new establishments

Determination of Bonus

Computation of available surplus, Computation of gross profit, Calculation of direct tax payable by the employer, ‘Set on’ and ‘set off’ of allocable surplus, Payment of Bonus

Administration

Maintenance of Books of Accounts, Inspectors, Offences & Penalties.