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
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366Bonus 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
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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
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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
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