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Section 27 - Code on Wages, 2019
The Code on Wages, 2019
27. Proportionate reduction in bonus in certain cases.-
Where an employee has not worked for all the working days in an accounting year, the minimum bonus under sub-section (1) of section 26, if such bonus is higher than eight and one third per cent. of the salary or wage of the days such employee has worked in that accounting year, shall be proportionately reduced.
Related Sections
Related Acts
- National Commission for Backward Classes (Repeal) Act, 2018
- Mediation Act, 2023
- Central Goods and Services Tax (Extension to Jammu and Kashmir) Act, 2017
- Prohibition of Electronic Cigarettes (Production, Manufacture, Import, Export, Transport, Sale, Distribution, Storage and Advertisement) Act, 2019
- Tribunals Reforms Act, 2021
* Only for reference.