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Sec 12 Payment of Bonus Act 1965: Bonus calculation for certain Employees

Section 12 (Calculation of bonus with respect to certain employees) of the Payment of Bonus Act 1965

❝Where the salary or wage of an employee exceeds seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher per mensem, the bonus payable to such employee under section 10 or, as the case may be, under section 11, shall be calculated as if his salary or wage were seven thousand rupees or the minimum wage for the scheduled employment, as fixed by the appropriate Government, whichever is higher per mensem.

 Explanation.—For the purposes of this section, the expression “scheduled employment” shall have the same meaning as assigned to it in clause (g) of section 2 of the Minimum Wages Act, 1948 (11 of 1948).❞



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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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