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Sec 18 Payment of Bonus Act 1965: Deduction of certain amt. from bonus

Section 18 (Deduction of certain amounts from bonus payable under the Act) of the Payment of Bonus Act 1965

❝Where in any accounting year, an employee is found guilty of misconduct causing financial loss to the employer, then, it shall be lawful for the employer to deduct the amount of loss from the amount of bonus payable by him to the employee under this Act in respect of that accounting year only and the employee shall be entitled to receive the balance, if any.❞



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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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