There is nothing called the Karnataka Bonus Act 1965. It is the Payment of Bonus Act 1965 (Central Act). There may be any bonus rule for Karnataka. I have no idea.
Bonus should be paid as per the PB Act, 1965 considering Available surplus, allocable surplus, Set On & Set Off.
I would request to read the PB Act once to understand the law.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531 skb@usdhrs.in USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
Acknowledge(0)
Amend(0)
367Bonus should be paid as per the PB Act, 1965 considering Available surplus, allocable surplus, Set On & Set Off.
I would request to read the PB Act once to understand the law.
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions +91 98310 81531 skb@usdhrs.in USD HR Solutions – To strive towards excellence with effort and integrity
From India, New Delhi
Acknowledge(0)Amend(0)
Dear SNK,
Rules exist as Karnataka Bonus rules as per the Karnataka Payment of Bonus Act (PBA). While the PBA is a Central Act, individuals in the respective states must adhere to their state rules when complying, submitting returns, etc.
Thanks,
Ram K Navaratna HR Resonance
From India, Bangalore
Acknowledge(0)Amend(0)
Rules exist as Karnataka Bonus rules as per the Karnataka Payment of Bonus Act (PBA). While the PBA is a Central Act, individuals in the respective states must adhere to their state rules when complying, submitting returns, etc.
Thanks,
Ram K Navaratna HR Resonance
From India, Bangalore
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Amendment to Payment of Bonus Act 2015.jpg
Bigger bonuses for more as Lok Sabha amends Payment of Bonus Act - The Economic Times.pdf
THE PAYMENT OF BONUS ACT.doc