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Section 4 of Payment of Bonus Act 1965: Computation of Gross Profits

Section 4 (Computation of gross profits) of the Payment of Bonus Act 1965

❝The gross profits derived by an employer from an establishment in respect of any accounting year shall—

 (a) in the case of a banking company, be calculated in the manner specified in the First Schedule;

 (b) in any other case, be calculated in the manner specified in the Second Schedule.❞



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Notes:

The Payment of Bonus Act, 1965 was amended by the:
- the Insurance (Amendment) Act, 1968 (62 of 1968)
- the Payment of Bonus (Amendment) Act, 1969 (8 of 1969)
- the Central Labour Laws (Extension of Jammu And Kashmir) Act, 1970 (51 of 1970)
- the Payment of Bonus (Amendment) Act, 1972 (68 of 1972)
- the Payment of Bonus (Amendment) Act, 1973 (39 of 1973)
- the Payment of Bonus (Second Amendment) Act, 1973 (55 of 1973)
- the Payment of Bonus (Amendment) Act, 1974 (42 of 1974)
- the Payment of Bonus (Amendment) Act, 1976(23 of 1976)
- the Payment of Bonus (Amendment) Act, 1977 (43 of 1977)
- the Payment of Bonus (Amendment) Act, 1978 (48 of 1978)
- the Payment of Bonus (Amendment) Act, 1980 (5 of 1980)
- the Payment of Bonus (Second Amendment) Act, 1980 (66 of 1980)
- the National Bank for Agriculture and Rural Development Act, 1981 (61 of 1981)
- the Payment of Bonus (Amendment) Act, 1985 (30 of 1985)
- the Payment of Bonus (Second Amendment) Act, 1985 (67 of 1985)
- the National Housing Bank Act, 1987 (53 of 1987)
- the Small Industries Development Bank of India Act, 1989 (39 of 1989)
- the Payment of Bonus (Amendment) Act, 1995 (34 of 1995)
- the Payment of Bonus (Amendment) Act, 2015 (06 of 2016)

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