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Section 17 of Payment of Bonus Act, 1965

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Section 17 of Payment of Bonus Act, 1965 deals with Adjustment of customary or interim bonus against bonus payable under the Act

From the Act

Where in any accounting year--

(a) an employer has paid any puja bonus or other customary bonus to an employee; or

(b) an employer has paid a part of the bonus payable under this Act to an employee before the date on which such bonus becomes payable,

then, the employer shall be entitled to deduct the amount of bonus so paid from the amount of bonus payable by him to the employee under this Act in respect of that accounting year and the employee shall be entitled to receive only the balance.

Related Sections from the Act

  • Section 18: Deduction of certain amounts from bonus payable under the Act
  • Section 19: Time-limit for payment of bonus
  • Section 20: Application of Act to establishments in public sector in certain cases
  • Section 21: Recovery of bonus due from an employer
  • Section 22: Reference of disputes under the Act
  • Section 23: Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies

Related Acts

Related Rules