Commercial The Payment of Bonus Act, 1965 along with Rules, 1975 Bare Act by Commercial’s Editorial Board Latest Edition

This edition of The Payment of Bonus Act, 1965 (Act 21 of 1965), updated with the Payment of Bonus (Amendment) Act, 2015 (6 of 2016, dated 31-12-2015, w.e.f. 1-4-2014), presents the complete and current statutory framework governing bonus payments in India. Published by Commercial Law Publishers (India) Pvt. Ltd., this 2026 bare act edition provides the authentic text of the law as in force, supplemented with short comments for ease of understanding and reference. The book includes the full text of the Payment of Bonus Act, 1965, the Payment of Bonus Rules, 1975 (as amended), along with relevant notifications appointing inspectors, defining jurisdictional limits, and authorising officers to initiate complaints in courts. It serves as a precise legislative reference on eligibility, calculation, minimum and maximum bonus, allocable surplus, set-on and set-off, compliance requirements, and enforcement mechanisms. This edition is especially useful for law students, labour law practitioners, HR professionals, compliance officers, employers, and academicians who require an accurate, up-to-date, and practical bare act resource for study, advisory, and legal compliance purposes.