24 Hours Helpline No. +91 9212406010
agarwaltaxcon@gmail.com
Whats New
Important changes of Budget 2017, effective from 01st April 2017      Key Features of BUDGET 2017      Budget 2017 - Highlights      After liberal concessions by Centre, GST council inks breakthrough, new tax regime roll-out on July 1      I-T Dept to keep record of deposits over Rs 2 lakh      IT Department changes PAN rules for automobile sales above Rs 2 lakh      GST Council meet: 14% revenue growth assumed for states      Submit monthly data of appeals disposed of: CBDT to officers      GST: The ride just got better for logistics      Adoption of GST poised to boost India's medium-term growth: IMF      GST Network operating expenses to be funded by user fee      GST rate of 18% to have short-lived impact on inflation, says RBI      GST Council: Tax exemption threshold fixed at Rs 20 lakh      GST Council consensus emerging on April 1, 2017 rollout, Rs 25 lakh threshold      Recommended 7-year tax holiday for start-ups: Sitharaman      Centre may have to re-notify GST Constitutional Amendment Act; here’s why      Rules may be eased for banks and NBFCs under GST      GST bill now a law, President Pranab Mukherjee gives assent to the constitutional amendment bill      GST will unleash significant economic activity: Barack Obama      Due Dates for the Month of September 2017      RuPay debit cards to gain from small finance banks      Barring five all petroleum items under GST regime      Sebi relaxes restrictions on more than 200 entities       Important Amendments effective from 01.06.2016     

 PAYMENT OF BONUS ACT, 1965

[21 OF 1965]


 

Section - 1 Short title, extent and application

Section - 2 Definitions

Section - 3 Establishments to include departments, undertakings and branches

Section - 4 Computation of gross profits

Section - 5 Computation of available surplus

Section - 6 Sums deductible from gross profits

Section - 7 Calculation of direct tax payable by the employer

Section - 8 Eligibility for bonus

Section - 9 Disqualification for bonus

Section – 10 Payment of minimum bonus

Section - 11 Payment of maximum bonus

Section - 12 Calculation of bonus with respect to certain employees

Section - 13 Proportionate reduction in bonus in certain cases

Section - 14 Computation of number of working days

Section - 15 Set on and set off of allocable surplus

Section - 16 Special provisions with respect to certain establishments

Section - 17 Adjustment of customary or interim bonus against bonus payable under the Act

Section - 18 Deduction of certain amounts from bonus payable under the Act

Section - 19 Time-limit for payment of bonus

Section - 20 Application of Act to establishments in public sector in certain cases

Section - 21 Recovery of bonus due from an employer

Section - 22 Reference of disputes under the Act

Section - 23 Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies

Section - 24 Audited accounts of banking companies not to be questioned

Section - 25 Audit of accounts of employers, not being corporations or companies

Section - 26 Maintenance of registers, records, etc

Section - 27 Inspectors

Section - 28 Penalty

Section - 29 Offences by companies

Section - 30 Cognizance of offences

Section - 31 Protection of action taken under the Act

Section – 31A Special provision with respect to payment of bonus linked with production or productivity

Section - 32 Act not to apply to certain classes of employees

Section - 33 Act to apply to certain pending disputes regarding payment of bonus

Section - 34 Effect of laws and agreements inconsistent with the Act

Section - 35 Saving

Section - 36 Power of exemption

Section - 37 Power to remove difficulties

Section - 38 Power to make rules

Section - 39 Application of certain laws not barred

Section - 40 Repeal and saving

SCH I COMPUTATION OF GROSS PROFITS

SCH II Computation of Gross Profits

SCH III THIRD SCHEDULE 

SCH IV FOURTH SCHEDULE

Who We Are

Agarwal Taxcon Pvt. Ltd. an ISO 9001:2008 Certified Company are offering our servicesinTaxation,Accounting, FinancialManagement, Consultancy and Advisory Services to various Corporates and Commercial Clients, MNC and Non-MNC as well NGOs and charitable institutions in India and abroad. Our company provides wide range of services with robust infrastructure and latest technology. The ATPL, professionals are involved in almost every aspect of business today from the corporate responsibility and sustainability to advisory services in India and abroad. We also offer a wide range of fully integrated tax and financial advisory services. Our approach combines insight and innovations from multiple disciplines with business and industry knowledge to help your company excel globally.

News & Events

advisor

Welcome to Agarwal Taxcon

We have a stated policy of ensuring that quality services are offered to our clients, irrespective of their location and size. We have achieved this by bringing the professional and analytical skills, to every single assignment, that are developed through the academic backgrounds, internal training, ongoing professional education and engagement experience of our members internal training, ongoing professional education and engagement experience of our members.

Service Areas.

Our practice and service discussed is driven by the aim of establishing long-term relationships with our clients. Our professionals at Agarwal Taxcon discuss the queries and doubts of the clients and find the best possible and most advantageous solution. Our services includes-

INCOME TAX

Agarwal Ta....

READ MORE
GOODS & SERVICE TAX

READ MORE

SERVICE TAX

Service ta....

READ MORE
SALES TAX

Sales tax ....

READ MORE
COMPANY

An associa....

READ MORE
NON GOVERNMENT ORGANISATION (N

Our team o....

READ MORE
advisor

Request Free Consultation