section 12
Calculation of bonus with respect to certain employees
The Payment of Bonus Act, 1965Labour196541 sections
Statutory text
Calculation of bonus with respect to certain employees.- Where the salary or wage of an employee exceeds two thousand and five hundred rupees 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 two thousand and five hundred rupees per mensem.
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