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Payment of Bonus Act, 1965

a) Every factory (as defined in Factories Act)

b) Every Other establishment in which 20 or more persons (less than 20 but 10 or more if app. Govt. Notifies) are employed any day in Maharashtra 10 or More employees.

c) Special provision with respect to certain establishment are provided.

The Benefits are:
a) Subject to provision :-
Minimum bonus shall be 8.33% of salary/wages earned or Rs.100/- whichever is higher.

b) if allocable surplus as computed under the Act. exceeds the amount of minimum bonus,then bonus shall be payable at higher rate subject to a maximum 20% of salary/wages.

c) Customary bonus paid is deductible.

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