{"id":229696,"date":"2026-09-30T12:28:12","date_gmt":"2026-09-30T06:58:12","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=229696"},"modified":"2026-09-30T12:28:14","modified_gmt":"2026-09-30T06:58:14","slug":"payment-of-bonus-act-1965","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/","title":{"rendered":"Payment of Bonus Act 1965, Provisions and Latest Updates"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#What_is_the_Payment_of_Bonus_Act_1965\" >What is the Payment of Bonus Act, 1965?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Download_UPSC_EPFO_APFC_Payment_of_Bonus_Act_1965_Quiz_PDF\" >Download UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz PDF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Attempt_UPSC_EPFO_APFC_Payment_of_Bonus_Act_1965_Quiz\" >Attempt UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Why_was_the_Payment_of_Bonus_Act_introduced\" >Why was the Payment of Bonus Act introduced?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#What_is_the_latest_update_on_the_Payment_of_Bonus_Act_1965\" >What is the latest update on the Payment of Bonus Act, 1965?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#What_are_the_key_provisions_related_to_bonus_under_Code_on_Wages_2019\" >What are the key provisions related to bonus under Code on Wages, 2019?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#Who_is_covered_under_the_bonus_provisions\" >Who is covered under the bonus provisions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#What_are_the_important_definitions_under_the_Act_and_Code\" >What are the important definitions under the Act and Code?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#What_is_the_importance_of_bonus_provisions_in_labour_laws\" >What is the importance of bonus provisions in labour laws?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#How_is_the_Payment_of_Bonus_Act_important_for_UPSC_EPFO_preparation\" >How is the Payment of Bonus Act important for UPSC EPFO preparation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The Payment of Bonus Act, 1965 was introduced to provide employees with a statutory right to receive bonuses based on profits, productivity, and organisational performance. The Act played an important role in promoting fair profit-sharing between employers and employees and maintaining industrial harmony. However, with labour law reforms, the bonus-related provisions of this Act have now been incorporated into the <strong>Code on Wages, 2019<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-payment-of-bonus-act-1965\"><span class=\"ez-toc-section\" id=\"What_is_the_Payment_of_Bonus_Act_1965\"><\/span>What is the Payment of Bonus Act, 1965?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Payment of Bonus Act, 1965 was a major labour law that regulated the payment of annual bonuses to eligible employees working in covered establishments. It aimed to ensure that workers received a share of the organisation\u2019s profits and were rewarded for their contribution.<\/p>\n\n\n\n<p>The Act provided clear rules regarding bonus eligibility, calculation, payment timeline, and dispute resolution. It helped create a balance between employee welfare and employer obligations.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Enacted by the Indian Parliament in 1965.<\/li>\n\n\n\n<li>Came into force on 20 December 1965.<\/li>\n\n\n\n<li>Provided statutory bonus rights to eligible employees.<\/li>\n\n\n\n<li>Applied to factories and establishments meeting prescribed conditions.<\/li>\n\n\n\n<li>Promoted better employer-employee relations.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check Out UPSC EPFO Prep Kit<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_UPSC_EPFO_APFC_Payment_of_Bonus_Act_1965_Quiz_PDF\"><\/span>Download UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz PDF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <strong>UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz PDF<\/strong> is useful for revising important concepts related to bonus provisions, applicability, eligibility criteria, minimum and maximum bonus, calculation of bonus, accounting year, and key provisions under the <strong>Code on Wages, 2019<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>Link<\/strong><\/td><\/tr><tr><td>Payment of Bonus Act, 1965 Quiz PDF<\/td><td><a href=\"https:\/\/www.oliveboard.in\/upsc-epfo-prep-kit\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><tr><td>UPSC EPFO APFC Previous Year Papers<\/td><td><a href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-previous-year-question-papers\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download Now<\/a><\/td><\/tr><tr><td>UPSC EPFO APFC Practice Notes PDF<\/td><td><a href=\"https:\/\/www.oliveboard.in\/labour-laws-and-industrial-relations\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check Details<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_UPSC_EPFO_APFC_Payment_of_Bonus_Act_1965_Quiz\"><\/span>Attempt UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your preparation with the UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz and revise important concepts such as bonus eligibility, minimum and maximum bonus limits, employee coverage, accounting year, bonus calculation, and updated provisions under the Code on Wages, 2019.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> UPSC EPFO APFC Payment of Bonus Act, 1965 Quiz <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. The Payment of Bonus Act, 1965 was enacted primarily to provide for:<\/p>\n  <button data-correct=\"true\">Payment of annual bonus to persons employed in certain establishments and connected matters<\/button>\n  <button data-correct=\"false\">Compulsory provident fund contributions for all employees<\/button>\n  <button data-correct=\"false\">Payment of gratuity after five years of service<\/button>\n  <button data-correct=\"false\">Fixation of minimum wages in all employments<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. The Payment of Bonus Act, 1965 was enacted as:<\/p>\n  <button data-correct=\"false\">Act No. 45 of 1965<\/button>\n  <button data-correct=\"true\">Act No. 21 of 1965<\/button>\n  <button data-correct=\"false\">Act No. 29 of 1965<\/button>\n  <button data-correct=\"false\">Act No. 6 of 1965<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. On which date was the Payment of Bonus Act, 1965 enacted?<\/p>\n  <button data-correct=\"false\">15 August 1965<\/button>\n  <button data-correct=\"false\">1 May 1965<\/button>\n  <button data-correct=\"true\">25 September 1965<\/button>\n  <button data-correct=\"false\">2 October 1965<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. Historically, the Payment of Bonus Act, 1965 generally applied to every factory and to every other establishment employing at least:<\/p>\n  <button data-correct=\"false\">5 persons<\/button>\n  <button data-correct=\"false\">10 persons<\/button>\n  <button data-correct=\"false\">15 persons<\/button>\n  <button data-correct=\"true\">20 persons<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. Under the old Act, the appropriate Government could extend its application to establishments employing fewer than 20 persons, but not fewer than:<\/p>\n  <button data-correct=\"true\">10 persons<\/button>\n  <button data-correct=\"false\">12 persons<\/button>\n  <button data-correct=\"false\">15 persons<\/button>\n  <button data-correct=\"false\">18 persons<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. Once the Payment of Bonus Act, 1965 became applicable to an establishment, what happened if employment later fell below the normal threshold?<\/p>\n  <button data-correct=\"false\">The Act automatically ceased to apply<\/button>\n  <button data-correct=\"true\">The Act continued to apply<\/button>\n  <button data-correct=\"false\">The Act applied only with annual permission<\/button>\n  <button data-correct=\"false\">Only Section 10 continued to apply<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. Under the definition in the Payment of Bonus Act, 1965, which category was excluded from the term \u201cemployee\u201d?<\/p>\n  <button data-correct=\"false\">Clerical employee<\/button>\n  <button data-correct=\"false\">Technical employee<\/button>\n  <button data-correct=\"true\">Apprentice<\/button>\n  <button data-correct=\"false\">Supervisory employee<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. Immediately before repeal of the 1965 Act, the monthly salary or wage ceiling in the definition of \u201cemployee\u201d for statutory bonus eligibility was:<\/p>\n  <button data-correct=\"false\">\u20b93,500<\/button>\n  <button data-correct=\"false\">\u20b97,000<\/button>\n  <button data-correct=\"false\">\u20b910,000<\/button>\n  <button data-correct=\"true\">\u20b921,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. Under Section 8 of the Payment of Bonus Act, 1965, an employee had to work for at least how many working days in the accounting year to become eligible for bonus?<\/p>\n  <button data-correct=\"true\">30 working days<\/button>\n  <button data-correct=\"false\">60 working days<\/button>\n  <button data-correct=\"false\">90 working days<\/button>\n  <button data-correct=\"false\">120 working days<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Which of the following was a statutory ground of disqualification from bonus under Section 9 of the 1965 Act?<\/p>\n  <button data-correct=\"false\">Ordinary absence without leave<\/button>\n  <button data-correct=\"true\">Fraud<\/button>\n  <button data-correct=\"false\">Resignation<\/button>\n  <button data-correct=\"false\">Poor performance<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. Which conduct was specifically covered by Section 9 of the old Act?<\/p>\n  <button data-correct=\"false\">Late attendance<\/button>\n  <button data-correct=\"false\">Refusal of overtime<\/button>\n  <button data-correct=\"true\">Theft, misappropriation or sabotage of establishment property<\/button>\n  <button data-correct=\"false\">Failure to meet a sales target<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. Which statement correctly describes the minimum bonus under Section 10 of the 1965 Act in its later form?<\/p>\n  <button data-correct=\"false\">It was payable only if the employer earned profit<\/button>\n  <button data-correct=\"false\">It was fixed at 20%<\/button>\n  <button data-correct=\"false\">It was always \u20b91,000<\/button>\n  <button data-correct=\"true\">It was 8.33% of salary or wage earned, or \u20b9100, whichever was higher, subject to the Act<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Historically, if an employee had not completed 15 years of age at the beginning of the accounting year, the monetary amount substituted for \u20b9100 in Section 10 was:<\/p>\n  <button data-correct=\"true\">\u20b960<\/button>\n  <button data-correct=\"false\">\u20b975<\/button>\n  <button data-correct=\"false\">\u20b980<\/button>\n  <button data-correct=\"false\">\u20b990<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. The maximum statutory bonus under Section 11 of the Payment of Bonus Act, 1965 was:<\/p>\n  <button data-correct=\"false\">10% of salary or wage<\/button>\n  <button data-correct=\"true\">20% of salary or wage<\/button>\n  <button data-correct=\"false\">25% of salary or wage<\/button>\n  <button data-correct=\"false\">33.33% of salary or wage<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. The maximum bonus became relevant under the old Act when:<\/p>\n  <button data-correct=\"false\">The establishment employed fewer than 20 persons<\/button>\n  <button data-correct=\"false\">The employee had worked fewer than 30 days<\/button>\n  <button data-correct=\"true\">Allocable surplus exceeded the amount needed for minimum bonus<\/button>\n  <button data-correct=\"false\">The employee was an apprentice<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. After the 2015 amendment, Section 12 of the old Act required bonus for an eligible employee earning above the calculation ceiling to be computed on:<\/p>\n  <button data-correct=\"false\">\u20b93,500 only<\/button>\n  <button data-correct=\"false\">\u20b97,000 only<\/button>\n  <button data-correct=\"false\">The employee\u2019s full actual salary in every case<\/button>\n  <button data-correct=\"true\">\u20b97,000 or the applicable minimum wage, whichever was higher<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. An employee earned \u20b918,000 per month when the old Act applied, and the applicable minimum wage was \u20b99,000. What monthly figure would Section 12 use for bonus calculation after the 2015 amendment?<\/p>\n  <button data-correct=\"true\">\u20b99,000<\/button>\n  <button data-correct=\"false\">\u20b97,000<\/button>\n  <button data-correct=\"false\">\u20b918,000<\/button>\n  <button data-correct=\"false\">\u20b921,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. Under the old Act, the \u20b921,000 figure and the \u20b97,000\/minimum-wage figure represented, respectively:<\/p>\n  <button data-correct=\"false\">Maximum and minimum bonus rates<\/button>\n  <button data-correct=\"true\">Eligibility ceiling and calculation ceiling<\/button>\n  <button data-correct=\"false\">Gross profit and available surplus<\/button>\n  <button data-correct=\"false\">Set-on and set-off limits<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. Under Section 13 of the old Act, the minimum bonus could be proportionately reduced when:<\/p>\n  <button data-correct=\"false\">The establishment had no profits<\/button>\n  <button data-correct=\"false\">The employee was transferred<\/button>\n  <button data-correct=\"true\">The employee had not worked all the working days in the accounting year and the statutory condition was met<\/button>\n  <button data-correct=\"false\">The employer changed accounting year<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. For computing working days under the old Act, which of the following could be treated as a day worked?<\/p>\n  <button data-correct=\"false\">Only days of physical attendance<\/button>\n  <button data-correct=\"false\">Only paid holidays<\/button>\n  <button data-correct=\"false\">Only overtime days<\/button>\n  <button data-correct=\"true\">A day of lay-off covered by the statutory provision<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n         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btn-switch-obls btn-show-modal-login\" id=\"btn-show-modal-login\">Login<\/button><\/p>\n               <\/div> \n            <\/div> \n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<div class=\"modal modal-obls\" id=\"modal-login\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group2\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-run-health.svg\" alt=\"\"><\/span>\n                   <div id=\"login-group-abc\" class=\"lfp-group-abc\"><!-- start login group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Login\"><\/span>Login<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <label class=\"errormsg txt-red courseIn\"><\/label>\n                       <div class=\"formcontrol-group disable-loginemail\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-email\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginnext-group\" id=\"loginnext-group\"><!-- pass and captcha -->\n                           <div class=\"formcontrol-group\">\n                                <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n          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id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.25).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-mock-test\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A Free UPSC EPFO APFC Mock Test Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-was-the-payment-of-bonus-act-introduced\"><span class=\"ez-toc-section\" id=\"Why_was_the_Payment_of_Bonus_Act_introduced\"><\/span>Why was the Payment of Bonus Act introduced?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before this Act, bonus payments were mostly based on voluntary practices or agreements between employers and employees. Many workers did not receive benefits even when their contribution helped organisations earn profits. The Act was introduced to create a uniform system for bonus payment and ensure that employees received a fair share of organisational success.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Objective<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Employee welfare<\/td><td>Provides financial support through statutory bonus payments<\/td><\/tr><tr><td>Profit sharing<\/td><td>Allows employees to receive a share of profits<\/td><\/tr><tr><td>Productivity improvement<\/td><td>Encourages employees to improve performance<\/td><\/tr><tr><td>Industrial peace<\/td><td>Reduces disputes between employers and workers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-latest-update-on-the-payment-of-bonus-act-1965\"><span class=\"ez-toc-section\" id=\"What_is_the_latest_update_on_the_Payment_of_Bonus_Act_1965\"><\/span>What is the latest update on the Payment of Bonus Act, 1965?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Payment of Bonus Act, 1965 has been subsumed under the Code on Wages, 2019. The Code on Wages combines four wage-related laws, including the Payment of Bonus Act, 1965, into a single framework.<\/p>\n\n\n\n<p>The bonus provisions are now covered under Chapter IV \u2013 Payment of Bonus of the Code on Wages, 2019. The core provisions related to bonus eligibility, minimum bonus, maximum bonus, and payment timelines continue under the new framework.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Earlier Law<\/strong><\/td><td><strong>Current Position<\/strong><\/td><\/tr><tr><td>Payment of Bonus Act, 1965<\/td><td>Subsumed under Code on Wages, 2019<\/td><\/tr><tr><td>Bonus provisions under the Act<\/td><td>Covered under Chapter IV of Code on Wages<\/td><\/tr><tr><td>Separate bonus legislation<\/td><td>Consolidated into wage code framework<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-key-provisions-related-to-bonus-under-code-on-wages-2019\"><span class=\"ez-toc-section\" id=\"What_are_the_key_provisions_related_to_bonus_under_Code_on_Wages_2019\"><\/span>What are the key provisions related to bonus under Code on Wages, 2019?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Code on Wages, 2019 continues the major provisions of the Payment of Bonus Act while bringing them under a consolidated wage law framework.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Provision<\/strong><\/td><td><strong>Details<\/strong><\/td><\/tr><tr><td>Eligibility for bonus<\/td><td>Employees who have worked for at least 30 days in an accounting year are eligible, subject to the notified wage limit<\/td><\/tr><tr><td>Minimum bonus<\/td><td>8.33% of wages earned or \u20b9100, whichever is higher<\/td><\/tr><tr><td>Maximum bonus<\/td><td>Maximum bonus payable is 20% of wages<\/td><\/tr><tr><td>Payment period<\/td><td>Bonus must generally be paid within 8 months from the end of the accounting year<\/td><\/tr><tr><td>Calculation basis<\/td><td>Bonus is calculated according to the provisions related to wages and allocable surplus<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Enroll  for UPSC EPFO APFC Online Courses<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-is-covered-under-the-bonus-provisions\"><span class=\"ez-toc-section\" id=\"Who_is_covered_under_the_bonus_provisions\"><\/span>Who is covered under the bonus provisions?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The bonus provisions apply to eligible employees working in covered establishments and meeting the prescribed wage and service conditions.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Employees working in eligible factories and establishments.<\/li>\n\n\n\n<li>Employees who have completed at least 30 days of work in an accounting year.<\/li>\n\n\n\n<li>Employees falling within the wage limit notified by the appropriate government.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-important-definitions-under-the-act-and-code\"><span class=\"ez-toc-section\" id=\"What_are_the_important_definitions_under_the_Act_and_Code\"><\/span>What are the important definitions under the Act and Code?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Understanding key terms helps candidates prepare labour law topics effectively for exams like <strong>UPSC EPFO APFC and EO\/AO<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Term<\/strong><\/td><td><strong>Meaning<\/strong><\/td><\/tr><tr><td>Employee<\/td><td>A person employed in an establishment who meets eligibility conditions<\/td><\/tr><tr><td>Establishment<\/td><td>Factory, organisation, or workplace covered under labour law provisions<\/td><\/tr><tr><td>Accounting Year<\/td><td>Period used for calculating profits and bonus<\/td><\/tr><tr><td>Bonus<\/td><td>Additional payment given to eligible employees based on statutory rules<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-importance-of-bonus-provisions-in-labour-laws\"><span class=\"ez-toc-section\" id=\"What_is_the_importance_of_bonus_provisions_in_labour_laws\"><\/span>What is the importance of bonus provisions in labour laws?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Bonus provisions play an important role in protecting employee interests and ensuring fair compensation practices. They encourage workers by connecting rewards with organisational performance.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Provides additional financial support to employees.<\/li>\n\n\n\n<li>Encourages better productivity and performance.<\/li>\n\n\n\n<li>Helps maintain industrial harmony.<\/li>\n\n\n\n<li>Reduces disputes related to profit sharing.<\/li>\n\n\n\n<li>Supports employee welfare and economic security.<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/upsc-epfo-apfc-study-plan\/?ref=contac-upsc-epfo-pba-1965-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Check out the UPSC EPFO Study Plan<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-is-the-payment-of-bonus-act-important-for-upsc-epfo-preparation\"><span class=\"ez-toc-section\" id=\"How_is_the_Payment_of_Bonus_Act_important_for_UPSC_EPFO_preparation\"><\/span>How is the Payment of Bonus Act important for UPSC EPFO preparation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Payment of Bonus Act is an important topic under the Labour Laws section of UPSC EPFO APFC and EO\/AO exams. Candidates should understand both the historical Act and its latest position under the Code on Wages, 2019.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Payment of Bonus Act introduced in 1965.<\/li>\n\n\n\n<li>Subsumed under Code on Wages, 2019.<\/li>\n\n\n\n<li>Bonus provisions are covered under Chapter IV.<\/li>\n\n\n\n<li>Minimum bonus: 8.33%.<\/li>\n\n\n\n<li>Maximum bonus: 20%.<\/li>\n\n\n\n<li>Minimum working requirement: 30 days in an accounting year.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1790749265651\"><strong class=\"schema-faq-question\">1. What is the Payment of Bonus Act, 1965?<\/strong> <p class=\"schema-faq-answer\">The Payment of Bonus Act provided statutory bonus rights to eligible employees based on profits and productivity.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790749267029\"><strong class=\"schema-faq-question\">2. Is the Payment of Bonus Act, 1965 still a separate law?<\/strong> <p class=\"schema-faq-answer\">No, its provisions have been incorporated into the Code on Wages, 2019.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790749267693\"><strong class=\"schema-faq-question\">3. <strong>Which chapter of the Code on Wages deals with bonus?<\/strong><\/strong> <p class=\"schema-faq-answer\">Chapter IV of the Code on Wages, 2019 deals with payment of bonus.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790749268694\"><strong class=\"schema-faq-question\">4. <strong>What is the minimum bonus under the Code on Wages?<\/strong><\/strong> <p class=\"schema-faq-answer\">The minimum bonus is 8.33% of wages earned or \u20b9100, whichever is higher.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1790749269153\"><strong class=\"schema-faq-question\">5. <strong>How many days must an employee work to become eligible for bonus?<\/strong><\/strong> <p class=\"schema-faq-answer\">An employee must work for at least 30 days in an accounting year.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-indian-economy-conceptual-numerical-quiz\/\">Attempt UPSC EPFO APFC Indian Economy Conceptual &amp; Numerical Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-computer-applications-quiz\/\">Attempt UPSC EPFO APFC Computer Applications Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/code-on-social-security-2020-practice-quiz\/\">UPSC EPFO APFC Code on Social Security 2020 Quiz &amp; Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-insurance-quiz\/\">Attempt UPSC EPFO APFC Insurance Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-auditing-practice-quiz\/\">Attempt UPSC EPFO APFC Auditing Practice Quiz &amp; Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/upsc-epfo-apfc-marks-vs-cut-off\/\">UPSC EPFO APFC Marks vs Cut-Off, How to Calculate Your Score?<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>The Payment of Bonus Act, 1965 was introduced to provide employees with a statutory right to receive bonuses based on<\/p>\n","protected":false},"author":58,"featured_media":252964,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10321],"tags":[],"class_list":["post-229696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-upsc-epfo","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Payment of Bonus Act 1965, Provisions and Latest Updates<\/title>\n<meta name=\"description\" content=\"Learn how the Payment of Bonus Act 1965 impacted employee rights and the payment of annual bonuses in organizations.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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I work as a Content Writer at Oliveboard, where I have been simplifying exam-related content for the past 4 years. I create clear and easy-to-understand guides for JAIIB, CAIIB, and UGC exams. My work includes breaking down notifications, admit cards, and exam updates, as well as preparing study plans and subject-wise strategies. My goal is to support working professionals in managing their exam preparation alongside a full-time job and to help them achieve career growth.\",\"sameAs\":[\"www.linkedin.com\/in\/aditi-chakraborty-131b3b379\"]},{\"@type\":\"Question\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#faq-question-1790749265651\",\"position\":1,\"url\":\"https:\/\/www.oliveboard.in\/blog\/payment-of-bonus-act-1965\/#faq-question-1790749265651\",\"name\":\"1. 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